Overall StructureThe chart displays a logarithmic scale spanning approximately 2 years. The stock has moved through three clearly identifiable phases:Phase 1 — Primary Uptrend (early 2024 to October 2025): The stock rallied from around 0.56 AUD to its all-time high of 6.71 AUD — a gain of over 1,000%. The momentum was driven by continuous contract announcements and a favorable global defense spending environment.Phase 2 — Correction (October–December 2025): Following the ATH, a classic profit-taking selloff of approximately –57% ensued, bottoming out in the 1.60–1.80 AUD range. This zone has since acted as strong support.Phase 3 — Recovery (December 2025 to present): From the low, the stock has recovered +157% to the current price of 4.12 AUD. The ascending trend channel remains intact.
Critical Zone Right Now
The price is sitting at a decisive crossroads:
4.60–4.80 AUD is the next major resistance zone — this was the breakout level in 2024 before the final rally to the ATH. A clean break above would be a strong bullish signal.
5.00 AUD is Bell Potter's analyst price target — a psychologically significant round number.
6.71 AUD (ATH) remains the ultimate resistance; roughly +63% upside from current levels.
Critical Zone Right Now
The price is sitting at a decisive crossroads:
4.60–4.80 AUD is the next major resistance zone — this was the breakout level in 2024 before the final rally to the ATH. A clean break above would be a strong bullish signal.
5.00 AUD is Bell Potter's analyst price target — a psychologically significant round number.
6.71 AUD (ATH) remains the ultimate resistance; roughly +63% upside from current levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.