Jerry
I really dont care what Daryl Guppy says, he's only looking at a chart.
Daryl will however be correct at some stage as the stock will break through 2.85 and if there are enough chartists following the same logic as Daryl the volumes and price will rise as they all buy in. Really is a self fullfilling prophecy.
However to get from the current price to 2.85 will require someone to believe in the company. This will be those armed with a fundamental knowlege of the company.
The only rule that I know of in the market that will always come true is that if a company increases its EPS year after year after year then the share price will trend up.
From my understanding of the company I cannot see any possible way that profits will not increase every year for at least the next 5 years.
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