So we did have a great run since the 09/5 until the 27/05.... It is really an amazing run so far.....
Looking at the Daily Chart and comparing it with the Weekly Chart, it seems that we have not much of a difference here.....
Both have interesting bursts of runs and look very bullish so far...
But, I do see some over run / parabolic effect on both charts..... I do believe that we will need "SUPPORT" as "BUY INs" next week if we do not see an announcement....
Reading the latest 6-8 announcements, we could have some news very soon.... and I do hope for the CHART sake it is next week..... if not, I do believe it will come the week after as per the following:
...."The Company would like to advise that due diligence is progressing well and both parties have agreed
to extend the due diligence period by a further 14 days. As a result, the period to negotiate the formal
Share Purchase Agreement will also be extended by a further 15 days."...... 20 May, 2016
Both Daily and Weekly charts look pretty similar to me...... only the RSI is showing a higher degree of overbought on the WEEKLY.... which is very unusual...... and it signals a probable change in candles if there are no positive signs of news or support "BUY IN's" for the week.....
DAILY CHART:
WEEKLY CHART:
We have been very fortunate with a great 3 weeks run..... the question here is, are we going to continue it or are we going to have a "HEALTHY" consolidation......
There is a service meeting early Monday morning...... and another on Wednesday....
I wonder what "CONFIRMATION" candle we are to see end of next week.... 4th of June....
