Daily - Solid move yesterday, price action recently respecting the 200 day moving average and trending higher from this point, with MACD, RSI & stochastics all pointing to further positive price action after a short period of consolidation.
Weekly: This setup is looking very enticing, with potentially a decent cup n handle formation playing out with an 80c neck line. If this is the case a measured move of 80c - 28c = 52c ($1.32) could be on the cards over the medium term. Also interesting to see the Fibonacci retracement levels pegging 80c as a support / resistance line. Looking forward to the break of the 80c level. A solid uptrend in place since the low's back in Feb 2016 at $0.28. There is no doubt that a positive decision will be the catalyst for the next leg higher.
SFX Price at posting:
79.5¢ Sentiment: Buy Disclosure: Held
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