Looking at how well this has held up today I think that we can confirm a breakout. There was nothing to stop sellers selling out for quick profit today after the rises from last week, which probably would have left the stock at the 27cent mark considering that the all ords are down 170pts. However the stock strong and there still seems to be some reasonable sized parcels being bought resulting in some decent volume.
I was wondering could Golden Bell Enterprises be acting as an agent for Sinom to reduce their outflow if a purchace of Mt Gibson does occur? It's all very interesting...
Any thoughts
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- breakout looks to be confirmed
breakout looks to be confirmed
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