That initial saucer pattern broke down but it has formed a second one. These patterns are more reliable when formed over longer time frames. Neither of these two are as long as I think they need to be to make them high conviction in their own right but it's good to see the sp bounce back so well after the first pattern failed short term. A break to 7c is still what I'd like to see as a good technical signal.
News flow is what is most important. The chart is just a guide.
Ann: Cabinda Phosphate Fertilizer Project Funding Update, page-134
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