As we approach the upper band of the channel we can start to anticipate a break . Backed by increase of volume we could see the SP break out shortly . I Will keep a close on on these shares and look for a possible entry. Aggressive traders will be looking enter now. Target 1 would be around 8.5 with target 2 around 15.
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Great close above the channel. We can expect bulls to start to take control. Traders will be looking to enter at market for a further push up. We can simply wait for a small retrace before entering. Happy Trading
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We have now pulled back to channel and optimum entry for a trade would be here. We could now expect a rise in the SP