Golden cross achieved on last trade with MACD
Low divergence
Just bounced off a double bottom on stocastics
EMA 15 just touched with a longish white candle
Broken thru fibonacci resistance @8.1c easily
The concerning head and shouldery pattern is ?broken
Volumes on the ups are very high and volumes on sell downs are relatively low
Resistance @5 respected
Fundamentally
continuing good results on drilling
MtC due
JK continues to do the right thing and is positive
Charts are telling us this,
only critical ingredient is volume for the upturn
Still guesswork atm until more confirmation
On the balance of things, fundamentally and technically, i think we are due
I still believed that 9-11c entry as stated prviously were good entry points
I expect this to go to at least 13-14 on breakout or higher
Please criticise the analysis, i cannot and dunno how to cut paste
TAs please agree, disagree, partially or fully. I still think volume is the key, we have confirmation that in the past, high volume dominated the uptrends and if high volume pushes the price past EMA 30 and confirms the golden cross, who knows
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