IMO chart not looking too good at the moment, selling due to the moving out of asx 300 (not capitulation), is this now an SMSF issue as well? To me this looks like selling will continue until news or below 50 is hit. I am hoping I am wrong but retail investors are not going to get the SP above resistance at 58, we need the fireworks announcements that we have been waiting for for the past 6 months. Ideally a nice first licence agreement to get us close to 70c, have a few days of selling into news before releasing a bigger licence agreement, so I can sit back and watch the sellers panic and pile back in. On the positive the MC is starting to get into the realms of fundamentals lining up with market cap and buyers may be looking to get in before the 4c comes in.
AJX Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held
