will we see 7 cents again debate, page-43

good to see RFT holding around 4.7/4.8 cents after getting walloped twice in December back to around the 4.0c level.

but any further gains in the short term would seem like at best only a remote possibility with serious resistance of 500k offered at 4.9c and a further 1.1m at 5.0c.

of course, these levels could be brushed easily aside with some seriously positive news that lit up demand, but RFT holders have learnt that given the historical dearth of good news or market updates that patience is a virtue.

but all isn’t lost in the short term. The half yearly due by the end of February will almost certainly be upbeat and continue the trajectory set in the 2018-19 fiscal year.

that being the case, the issue by the company of some sort of guidance can’t be categorically ruled out, in the interim.

nor could a left field announcement of some new contract or liaison after the Tritium exclusivity agreement expired last month.

everyone knows the EV revolution is underway even if its exact path appears bumpy at times.