2 major types of price action near end of phase during a...

2 major types of price action near end of phase during a reaccumulation:

1. Rising gradient

(Higher lows from after second test of resistance). Currently the case with wisr. This is also more likely on the first few reaccumulations of an uptrend.

2. Spring & Test

Will most likely see a break under major support level (12c) to shake from weak hands. Then a spring back up (increased volume at support) into the range followed by a break out of resistance (19c). This

Also intetesting to note at 13c - Market cap just over 107m (current loan book value)

Would expect 130m+ to be announced end of month in 4C report. This would give an price of 16c.

Also Anthony's performance rights (4,000,000) will lapse if VWAP not at or above 18c for 10 consecutive days by 17th Nov. The 5th Nov is the latest the ten consecutive days would have to start from. 15th Nov being a Friday, 17th a Saturday.
I have a feeling this will be achieved.

Watching to see what structure price action is showing over next few days.