Think we will find support at the bottom of the rising trend channel which gives a downside risk of approximately 10% but worse case it could see a 30% downside if price were to drop below this support. Upside in short term is at least 60% meaning this has a minimum RR of 2 to 1 but most likely is a RR of 6 to 1.
News due which could propel SP upward to top of rising trend channel or even beyond includes announcement of new CEO, Financial close of the SPV at Protos, development partners receiving £18m loan from the local fund in Poland, PEEL exercising options for 371m shares giving £10m to PHE. Approval of planning permission for 2nd UK site in Scotland or any announcements from either Asia or Australia where PHE are active.
News due which could propel SP upward to top of rising trend channel or even beyond includes announcement of new CEO, Financial close of the SPV at Protos, development partners receiving £18m loan from the local fund in Poland, PEEL exercising options for 371m shares giving £10m to PHE. Approval of planning permission for 2nd UK site in Scotland or any announcements from either Asia or Australia where PHE are active.