Have a go at calculating the 50% retrace level from the High of 13c from back in September 2018 and the most recent Low of 4c from mid December 2018. If the SP can break and stay above that level this would be a very bullish sign. If not then it could become overhead resistance. Have a look at the chart and you will see how this level ties in nicely with prior resistance/support areas.
Have a go at calculating the 50% retrace level from the High of...
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