RE: Charts5 Feb 2020 14:31
Westie, I'm not a chartist either but from what I understand 3-3.1p was a long support line and we've bounced a couple of times, it has held, so all good there. Short term I expect some resistance at the high 3s, whatever the level, it is probably more pscychological than anything else.
In a favourable environment and in the lead up to expected news (so say around end Q1 Q2) personally expect 5p to be a barrier without news as this is the high area we have visited on previous occasions since I've been invested (in both 2018 and post Orion 2019). I see 5p as a natural barrier we have to break through and maybe only solid financing news will do it.
I'm a buyer anything under 5p I believe will come good. Board options at 4.8p and I sleep easy at night with an average lower than this. The board will want their cake.