Thanks for that, Martis. The chart looks stronger and was nice to see 25.5 c hit today, although it didn't hold.
30 c as next target may be a bit tougher as the 27-28 c points also show strong resistance.
I think that if the market can take the SP to 30 c prior to any announcement then a stronger base will develop and mid 30s to low 40s much more likely.
Tomorrow will be interesting with possible strong buying towards the close just in case the NASDAQ announcement comes through, as happened last week.
Just on the technicals all looking good for both the long and short term. Wave 5 buy on both the daily and weekly charts. The golden cross on the 200 day and 50 day moving averages is just icing on the cake.
As always, IMHO only but liking this more and more.
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Price($) | Vol. | No. |
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0.325 | 144334 | 7 |
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