Bought first time at 0.54p & sold at 1.3p
Re-bought today at 0.80p 1st tranche.
We could still touch the weekly 50ma at some point but for now 200ma daily seems stronger.
RSI landed right at support & why I waited for that range for weeks.
News to come very soon so this could do extremely well from this levels.
Price right at resistance again but solid trend on RSI and book looking good today.
we are at 50% retrace at moment, breaking that we could easily see my target and where also will be the 200ma.
My next price target is 1.25p area. Looking to slice/sell some there.
Funding news to come this month. Big huge project with great benefit to UK.
This share has seen a terrible destruction of Shareholder value over recent years due to uncertainty over the key project and excessive management costs
A bold move by two key shareholders to dismiss the entire Board has renewed interest in the share and may result in a substantial re-rate as a result of co-alignment of Management objectives and Share Price improvement.
Broke and held the 20DMA early in the week which has caused persistent resistance on this stock & also been the key to unlocking bigger gains. Broke the 50DMA on Friday, looks like it has momentum to move towards the 50% Fib line as a starter for 10 now.