I thought I would provide a bit of my thoughts so far.
From a fibonacci perspective I think the key resistance is obviously 0.40 and the next target and resitance is 0.47.
From an elliot wave perspective I feel that we haven't completed our 5 wave impluse. I would expect this to occur next week and potentially touch the 0.47 mark.
I say this as the 3rd wave is the large upward bar- and we are currently consolidating in the 4th wave.
I will say again how impressed I was with the lack of Friday afternoon sell off- showing the strength in demand for this security.
From a purely technical perspective I would conclude that this run isn't yet finished and next week should see 0.47.
That is why I sold out today- but then bought back in prior to close.
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12.0¢ |
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Open | High | Low | Value | Volume |
11.0¢ | 12.0¢ | 10.5¢ | $85.61K | 760.1K |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
12.0¢ | 24094 | 2 |
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No. | Vol. | Price($) |
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1 | 50000 | 0.115 |
1 | 38416 | 0.110 |
5 | 166944 | 0.100 |
2 | 15204 | 0.098 |
1 | 10000 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 24094 | 2 |
0.130 | 35000 | 2 |
0.140 | 100000 | 1 |
0.145 | 45198 | 3 |
0.150 | 1161 | 1 |
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