RE: Technical Analysis18 Feb 2025 22:33
We seem to be approaching and eventually crossing and dissolving these historical support/resistance points as if there had never been any dilution, which there has been. Perhaps the increased reserves have negated the dilution?
Looking back over the price pattern since 2010, I can see them all as failed spikes. I don't think overnight gaps are relevant over a decade. Once 42p has gone the next serious resistance is around 70p, but I don't see 90p as some have suggested, its 156p, IMO, and if that seems very adventurous, sentiment often trumps fundamentals . Who on earth would have forecast 42p a couple of months ago? It's already a 10 bagger from the historical low.