short term trading - week starting 23rd april, page-22

EIO - Well I see what looks like stock was suspended for several months around Nov with a reorg on its register (share consolidation) which saw it reopen at 25c then steep fall followed by some range trading and break above that range in the last 5 trading days although quickly glancing at the FA it's not clear to me whats has caused the break up.

If it continues to rise I expect it will hit resistance at 25c and this will be the acid test as to whether it will continue its ascent or not... Not quite convinced of a rounded bottom formation or a saddle ... When faced with a difficult interpretation of TA I fall back to detail FA analysis and what the upcoming events a that are coming that will drive it further up or down. So undecided at this time is my conclusion and detailed investigation of the FA is warranted.