At one point, it looked like we might be heading for a blow-off day today...
Fortunately however, the market paused enought to allow profit takers to revis their immediate expectations.
Some 25m more shares ended up trading in the all important (for me at least) 3.4-3.5c range after my initial comments, which as I read it, pretty much solidifies today's gains.
Still a very vertical chart...but as we have seen recently with both ANH and perhaps more appropriately EXT, such rises can be sustainable day-on-day as long as the volumes are maintained.
The key is the volume...and while it keeps clicking over, the stock should be able to hold it's gains.
Significant level breached on good volumes today...I suspect much higher prices in the near term.
Cheers!
AEX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
