So a Return to the Uptrend Line. Break of 16/17 Resistance, a golden cross EMAs
and most importantly a 'approach' to the 200EMA.
SP Going over the 200EMA is a recognised Downtrend Break.
There's a whole theory and Lore about the 200EMA and trading around it done by Weinstein.
DYOR
I reckon trading 20+ and STAYING THERE is the Downtrend Break
with next resistance 25/27ish ie Consolidation Zone 20/27.
Also marked is TKrupp LoI day October. Illustrates how OffTakes don't necessarily cause
SUSTAINED Rockets. A review of the chart history of the few other Graphite ASX with Offtakes
shows a similar scenario on offtake day.
Yet the ASXers who have Not yet secured offtakes rah rah and are Moon Struck on it being 'different this time' for them. Yes History does NOT repeat.
Anyhow off for the Open. Maybe news will break?
KNL Expandable graphite, what do we know about it, page-26
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