On the daily chart we can see some interesting alignment of...

On the daily chart we can see some interesting alignment of price movement to Fibonacci retracements and on the flip side what that could mean for further share price growth and short term targets.

The low on Wednesday at 50.5c bounced off the 0.786 Fibonacci retracement extrapolated from the low at the start of the uptrend and the swing high at 61c... this was clearly a very significant support level given the confluence of this support level with the upper trend line that also provided strong support at the same price level:



After bouncing off this support level the price then moved higher, pushed through the swing high and on to another all time high today to close just outside the top of the Bollinger Band as it's done for the majority of the uptrend that started in March.

The corresponding Fibonacci extensions give us some potential short and medium term targets initially at the 1.618 level (85c), which is another 10c higher than the current price and looking at the chart you can see how this just seems to be acting as a magnet right now and given the price has gained 20c in the last three days there is a lot of momentum behind the price that should help to propel it towards this target pretty quickly.

Looking further out the 2.618 Fibonacci extension gives us a target price of $1.26 so as the fundamentals continue developing this target price should come into range sooner or later.