I'll probably get abused for this but I have a feeling we may be due for a slight 'technical' correction here.
Post ABC correction and following the merger announcement we have now moved up 5 distinct waves, and hit my original target for the completion of this impulse move.
Looking like a double top forming at the moment also around $17.
Quarterly scheduled late in the month.
Spod prices have been dropping fast the past few days also - not too sure why, perhaps Chinese converters having an EOFYS sale?
Not downramping and still a very long term holder, but chart wise I think we might see a drop on the horizon. $15.34 or $14.28 likely landing points barring anything awful appearing in the quarterly.
Been a bloody good run of late though, and I'm sure the remainder of the year will fair well again also.
Just getting in b4 Goldman Sachs graduate analyst does this time...
