Nice cup and handle set-up has led to a full breakout. RSI is hot, but on weekly view OK and volume is incredible. Volume is fuelled by rumours of imminent launch and possible takeover from major. Provided volume is sustained, both MACD and Stoch RSI suggest more in the tank for a further impulse move to around the 20p level where it IPOd.
Comments
DavidBelleFX
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Nice catch. Can see this really kicking on for higher prices.