RE: Interest this morning5 May 2020 14:38
isb, I am just looking at the chart and see what I see and I see this going above 5p in May. There has been a clear impulse from the bottom up which is followed by a correction down to 2p, right at the golden pocket, and this pickup in volume suggests there is a second impulse going up now, wave 3 imo. Even if it is just a 3 wave move with a C wave that goes to 4-5p worst case truncates at 3,3p. However if it is more bullish, which I believe, this should go up above 5p as a wave 3 and so on continues depends on the action the way there.
6 months throw back should affect sp in a price range throwing us back to where we started 6 month ago (5p!) Yes there are cost effects etc. however investors are bargain pickers, and we all know this share was already dirt cheap way before and there is no reason for it to be here. I know for sure that after 3 years holding this I am still buying this share as it is a clear bargain for the next short term. Whenever we see the end of the tunnel buys will be coming in, and this is what is happening. I hope this is based on some early news in the next days but eventually any news will only help this moving on even more.