The stock has been trading within a bearish price channel since January 26, 2025, and recently the stock entered a consolidation range in the form of a symmetrical triangle.
The stock managed to break out of this consolidation triangle in today’s trading, which is a positive sign and paves the way towards the £0.38 level as the first target.
But technically the most important thing for the stock is this: a close above the £0.354 level is a change in market structure and the formation of an uptrend. The price descending channel was then broken at the £0.365 level.
Once these conditions are met, God willing, the stock will have a price target of between £0.455 and £0.47.
Resistance for the stock is £0.40
Stock support: £0.343
Stop Loss: Actual Stop Loss Daily: £0.332
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