As per the previous analysis. I've been waiting to receive confirmation of the next move. Since the 11th we have been sitting in this range bound area (yellow rectangle). It's offered a few nice swing trades. Todays action was halted at the resistance from the 24th. The other factor was today's action created a gap. I'd like to see the action on tomorrow to see if
A - ThIS present move is sustained and we have the breakout.
B - The price retraces to fill the gap before the breakout is confirmed.
Indicators are healthy so strategy hinges on resistance breaking or gap filling.
What's very encouraging is the consolodation phaze we have just been through. If this is the break out. I can see this going alot higher.
ESI Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
