RE: 6p TARGET on wedge break14 Feb 2020 11:19
just basic technical analysis on the charts. when a company announces comething particularly good, or bad for that matter, news - the share responds in fairly repeatable patterns - sharp initial rise, lets say 70% as an example, then fall back on rofit taking as the intial exitement subsides, then the process continues as the price steps up in stgeas often by similar percentage jumps e. leg 2 might also rise by 705 and fall back and this process continues in a band unti fair value is reached with breakout from this band indicating a different shift in price movement. very simplified version but you get the gist - so based on that we look to be heading for a sharprise to around 7p i would say