There is a falling wedge and a descending channel at the moment. An island reversal is possible as accumulation seems to be ongoing. I am looking at the first resistance at 0.028 - 0.03 - 0.045. This is the first target area. A new CEO has been placed and a major restructuring in the business is ongoing. Should the plan works, I will be looking at 0.1-0.2. As the CEO seems to be confident that they could meet the MTP, we shall see. The short to mid term target is 0.03 - 0.045 while the mid to longer term target is 0.1 - 0.2. We shall see how fast the company recover. ( Please note that this company had a bad fundamental and undergoes many changes with the new CEO. DYODD! )
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