Hi guys I am very new to this also but here it is as I see it.
We are trading above almost all averages 12/24/36/70. Tick
RSI around 60. Tick
MACD all positive. Tick (all be it toppy)
Still trading along the top bollinger. Ok but toppy.
Parabolic SAR still showing support for increase. Tick
Personally I see support around 23.0c when taking into account the volume of buying that was present recently. If it breaks that the next support is circa 19c
How do you guys tip 28/30 as resistance?
Momentum is still here on this one. Unless the market has a major retrace I think we might bump around in this 21-25c range for a while. There will be speculation on the governments funding as time goes on which may drive the share price.
Any + government funding release will see this push through 45c I think.
What news could appear in the short term?
Govt Funding.
Announcement of commercial trial.
Sign up of alternate trial sites.
REH securing contracts in the northern hemisphere.
??? Any one else
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CNM
carnegie corporation limited
Hi guys I am very new to this also but here it is as I see it.We...
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Ron Miller, Non-Executive Director
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