Very significant week ahead for the chart. Daily, weekly and monthly all approaching the major 4 year downtrend line which sits at 36.5 cents.We have had 4 consecutive green months. The last time this happened was early 2016 just after the EMC listing. Volume on the weekly and with the 50 approaching the 200 on the daily, this is extremely encouraging. A break of the 37 area and consistant closes above will see the 4 year downtrend broken and bring in significant buying interest. We have had 13 green days straight, which has never been done on EMC/FLC. The controlled buying and lack of dumping into the bid suggests this is not a p&d. It appears to be the 1st signs of accumulation since early 2016 EMC days.
With China/SE Asia news imminent, coupled with Egypt desal tenders, the scene is set for a very big move north.
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