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IF you believe we have a flag pattern:IMO, flagpole height is...

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    IF you believe we have a flag pattern:

    IMO, flagpole height is from 3.2 to 7.4, difference is 4.2. I think the flag has broken at 7c, so add 4.2 and get 11.2 as a rough target based on the flag.

    Share price hasn't been above 9.3c in 5 years, so, if the above actually occurred, we would be in unknown territory at around 11c, from a chart perspective, though you could then look at some bands for targets.

    Since mid 2017 we have been in a band between roughly, 3c and 9c (using rounded #'s), so there's a school of thought that would suggest we go up in 6 cent bands from 9 cents. In other words, 9 to 15, to 21 etc. so your 12 to 15 is a fair call.

    IMO, if we broke 9c convincingly and on volume, it will come with some big announcements, and I'd be at a loss to say where it could go, other than a multiple of the band which is where I'd be watching it closely.


 
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