Being a chartist who solely relies on technical indicators, all I can say is we need a close at 1.7c today to be well and truly above the 20DMA, after which this level should act as support level. The next resistance based on Icimoku Cloud is sitting at 1.8-1.9c, which once broken should see this spike to 2.2-2.3c.
1.2c is a strong support which was previously tested on the 7Nov 2016. In my honest opinion, I dont see the SP dwindling to 0.9c as that guy on Sky Business predicts. In the worst case, the SP may correct after hitting the resistance at 1.8c but will find support at 1.6c (20DMA).
DYOR, this is just my opinion..Good Luck
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