Indeed, lovely to see.
Keeping a close eye on it myself. Wouldn't mind it pulling back or just tracking sideways for a bit to be honest as a couple of metrics are starting to indicate it being a little overbought RSI, MACD).
We are filling the no divi gap nicely on the chart though. That goes back to $6.96. Further resistance around the $7.20 mark.
A break above that, look for $7.60 resistance.
Break that and forget about it...off to the races with a 1.618 fib retrace to around $8.70
To give the alternative view, I'm seeing downside support at $6.55 then $6.20. Break that and look for $5.80. After that, someone shoot me
It'll all depend on coal which will hopefully benefit from some more China stimulus next week imo.
Think it's a seasonally strong period for coal into the end of the year so...
Fingers crossed.
GLTAH. DYOR
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$6.12 |
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| YAL (ASX) Chart |