No. of Recommendations: 1
Having looked at the chart, it seems to have topped out at the ~6p resistance level, which was support on 17 May - 27 Jul last year, from which it broke downwards.

The ~6p level was tested on the way up on 30th August, and retreated from their to AT lows in early December.

At 5p, it's sitting on it's 200 Moving Average.

RSI says it's coming off some very very high overbought levels of 83.5

I'd suggest a pullback to ~4p to unwind the RSI and to bounce off the 4p MA (not the 200MA) is likely, but with illiquid explo' companies, I find movements via TA very very hit and miss, and they're very FA/sentiment driven.

For the bull case, good news & sentiment could see it take aim for the weekly MA(200) @ 7.4p, the RSI on the weekly is 54.5 and touched 70 back in the run of 19/12/11 - 19/3/12.
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