The retrace of the move from June 2019 to October 19 seems to be complete. Moved back above 50 day MA. Now looking to retest the October high of 13.3 before next move up to 15.4
Looks like a technical breakout from symmetrical triangle may be on the cards. RSI looking strong. Momentum indicator has turned positive for the fist time since early April. First target 21.84p. Second target at 28p.
Expecting drill results from the 4th hole next week and updated nett asset value statement.
Bullish symmetrical triangle formation still in play. Confluence around the same time as results from the 4th drill hole is expected. RSI looking strong. Momentum indicator about to turn positive for the fist time since early April. Bullish hammer candle. Expect action.
