Please expose wisely though and have a stop loss in place as if support is not held it will go to no man's land.
But I see here as a good risk / reward as it could bounce to 2p as first resistance. 2.32p next.
Results due Thursday. TA is simple. Fundamentals are all in favour. Biggest risk is production issues, but cash flow should be sufficient. Expansion is on track, massively undervalued.
Price is coiled up and ready to pop IMO.
200ma always provides good support with other indicators then it becomes stronger.
it bounced previously off the 0.786 fibs and staying nicely above the 200ma for a while.
Closing above 3.06p target 4.87p
Struggling to close above the 61.8% fibs. and RSI showing some weakness so we might need to retest the lows before having enough strength to go above 61.8% fibs.
RNS today was a gold bull ticket but quite possibly not enough liquidity in the market at moment so bears took power over it.
Looking promising though for the future of...
