RE: Where next for the SP?9 Dec 2021 14:06
I would not entirely agree that the graphs show a 'continued slide', there are positives. Regardless of the 10 year graph (available on google finance etc) showing it down to penny mark in the distant past, in the last year the slide has also been arrested and reversed several times at around the 9p mark. Back in 2018 the same price showed a lot of resistance to rising through it, so it is a psychological barrier that will encourage buying when it is approached, and the last few days have shown that. If however we drop to below 8.5p and hold that overnight (as opposed to just momentarily touching it), it does not look so promising. We are unfortunately in a waiting game, for redox batteries to become a more widely recognised option worldwide, and the SA govt's less than transparent workings are not helping.