RE: 18p-19p this week24 Jan 2021 13:51
It's based on the three-month chart. This share seems to follow a well-defined pattern, with regular rises followed by short consolidation periods.
Last week, it consolidated after peaking at almost 16p. The current level, 13.6p, is just a tad above the bottom of the rising channel (13p), so we may see a short-lived drop to 13-13.25p on Monday but the rise will resume shortly afterwards. My expectation is that the amplitude of the upwar move will be larger than last time: 5p, perhaps even 6p. Hence the 18p-19p peak.
If this indeed happens, we can expect another consolidation round, around 17-17.5p, and then a first attempt at 20p the following week.
All IMHO, of course.
ATB
EP