re sp24 Jan 2019 09:28
would be nice to move higher, however, as we discussed yesterday a day or two of consolidation around these levels will provide a good support level before a push to clearly higher levels over 2p that the business fundamentals deserve..the technical side of share price movements on occasions do not match the company news on a particular day..ie yesterdays improved rescource rns wasfundamentally good for the business, yet the sp dropped from a 2p spike to end up a couple of % down, simply due to the speedy rise from the short closure at 1.25p thatsaw the sp rise to 2p in a matter of weeks, the techs got hot (or put another way, there were decent profits for many who boughton the lows).......so nowthe sellers are less, profits banked and we have a possible new support level around here, they may try a sneaky drop but as I stated yesterday, it is very likely he mkt will snal up anything less than current price..so we build again, we know the 2p level will be broken soon and a run to new highs is supported by the fundamentals, yesterdays rns not built into sp yet, it will be, as it also adds support to lessen any risk....we habe a raft of expected news due over coming weeks, LC seems not be be built into the sp either imo so on both technical sp aspects and business fundamentals, a professional bod, funded, profitable and further income streams ahead too. All indicators are very positive for new highs over coming weeks and months imo :-)