Today's VWAP is only 8.1 c though it hit a high of 8.7. There have been similar scenarios 4 or 5 times when it crossed over 8 and dropped back to 7ish in a day or two.
Considering it came from a 7.4c close on Friday and hit a low of 7.2c, the 8.1c VWAP was a fantastic effort. There were some large bids in the late 7s and early 8s in the afternoon. I'm thinking it should consolidate in the 8s from here if it doesn't continue its rise. Bound to get resistance at points but this is clear accumulation and there seems to suddenly be a bit of a rush to get shares.
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