Key reversal in progress. As you can see the last leg up started just around that 21c mark at the bottom of the Bollinger band and reversed straight after it broke the cloud. I would be keeping a very close eye on that 20.5c above mark as if it crosses that with decent volume it’s time to top it up baby!
There is a reason why the sellers have disappeared – next week is going to be a ripper of a week. 3 weeks ago everyone would have jumped off their roofs if they were offered these prices to buy (sub 20c) -now watch for them to jumping straight back in.
MSM Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
