Last cycle? No idea. It's in a range, we just need to let that resolve.
What I see is the last bounce unable to reach the top of the range. That suggests lower levels of demand. If there remains enough selling pressure to reach the low-end of the range and 17s again I'd argue that is not a positive sign in the short term.
Where are all the guru chart predictions at the moment? They seem to have dried up.
We got up to 19p, looks set to go back to 17p now, will this be the last cycle before the rise leading up to news? I was premature on the last call, didn't think we would see 17p again but looks as if it it coming, surely this will be the last we see of it leading up to the quarterly update. Expecting the return of the uptrend as we enter March. As ever just a little more patience required, still feel comfortable in the short to medium term.
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