RE: In the meantime...13 Mar 2024 18:02
1984 from ii
“The lowest share price achieved has been 5.6p, so perhaps this can be taken of an indication of hidden strength. However, the market is messing around with the price to a degree as shown on the chart extract.
Despite the share price soaring during the session on Tuesday, considerable care was taken to ensure it closed below the downtrend since 2022. Perhaps
"they" are awaiting news from the company before committing the share price to a zone where some recovery can be anticipated.
This being the case, above 8.95p should now bring recovery to an initial 10p with secondary, if bettered, at a more useful 12.5p. Visually, this is quite a big deal as closure above 12.5p takes the share price into a zone where currently we can calculate a future 16p as possible, potentially returning the share price above the Red uptrend on the chart. We strongly suspect such a movement shall become truly significant”