if you dissect a breakout and a sustained one at that, the buy side has to go nuts at the top of the bids... so here the top bids are @ 1.5c and the buy side is still a lot under the sell @1.6c in terms of the number of bids...
less than 1m buyers 2 1.5c and 5m sellers @1.6c + 3.8m @ 1.7c...
to get an effective breakout, we need more than 10m buyers @ 1.5c when someone starts nibbling into the 1.6c queue and then once that is gone the buy queue goes up by 0.1c... hope I am making myself clear here...
let us see if this MZN rally has the strength in it to clear the next two sell queues today/tomorrow...
MZN Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
