Positive opening play with volume after the minor pullback last week. Expecting a push in price towards 7c and beyond.
Technical indicators are lining up, liking the look and shape of the move.
Will look to add to holding on a break above 6.5c as a multiple day breakout is a possibility.
Should grab the eye of traders, investors and institutions.
As the price has retested the previous breakout, momentum continuing to build as there is still supply and some volatility but once cleared and supply dries out it should eventually #breakout. Doesn't always but there is a high probability this could happen.
Had held above 6.6c whilst the overall market has puked itself. Some aggressive buying saw the price push upwards toward high 7s only to #pullback on profit taking. Day traders have flipped and retail got bagged but it seems pro's are onto this on a long term hold. Plenty to like from a technical perspective holding the line strongly where others have capitulated....
Has held the uptrend intact. There is still life and turnaround / hold pattern is showing that the minor roadblocks/bumps can be ignored for the time being at least. It will continue to gring higher. In the midst of reporting season, could keep trending higher. Up trending.