Hi All
If I were a TA guru, and I'm not by any stretch I would say, judging by the flag/pennant pattern just formed and a resumption of the trend, that a push above $0.80 would be bullish and may signal a move back to the circa $1.00 mark.
Given that, and I hear this all the time, the market is a discounting mechanism, we might be seeing, 6-12 months down the track, some normality in the POO fundamentals.
Am I right - who knows?????. In fact who actually does know is exactly the point. No one really saw the massive drop off since 2014 and if I was a betting man no one will see the normality or new bull market that is (might) be coming.
Cheers
BW
_______________________________________
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