are we sure, page-5

nine lives...

The 13.5-14c level was the expected "thinking point", where the 10c and 10.5c buyers would consider taking some if not all profits.

It would happen here, not because it is the 25% profit range, but because technically it represents a resistance line that may take more than an hour to get through...as such, for maximum return, the most temporary types of traders will exit at or just below here.

The fact the selling corresponded with CNP taking off is clearly a contributing factor in my view.

Believe it or not, but today's activity is important for reinforcing the new sentiment halo around this stock...holders need to see that the stock can retrace slightly without the fear of it tanking each time.

A few days like this and the stock will become more and more tolerant of retraces...and the higher she goes, and the more often we see retraces, the more tolerant they will become, not only of the retraces themselves, but of the size of each one.

I am thrilled with current activity...as every day this week appears to be genuine.

Give it time...and hopefully a little good news...and the stock should eventually become more and more bomb-proof.

We could not ask for better activity in my view...low attraction for traders...and slow sustainable moves with plenty of back-tracking to re-test support/resistance lines.

Cheers!