Every time we have a bit of a sharp rise ppl call numbers, mostly randoms who bought and want to pump it and sell.
One thingthing that did stand out about the last rise was that it rose over several days, not just one 10+% day. This was probably the shorts getting out as they soaked up some selling under 10c.
Looking at the moving averages now, the 200 day is sitting at 10.5c so needs serious consolidation above 10c before its ready to love up (imo, just on that technical). I think the timing of ev sentiment etc turning slowly the next 6months would be nice timing for the chart to move up. As we know rnu has moved north quickly under the right conditions. Seeing 20c + again over a month or two wouldn't be out of the question once the conditions are right. In thr mean time, I am interested to see how this trades now that we are out of the asx 300 again.
