Well done to holders enjoying this strong uptrend. Is it going to continue? Here’s my very amateurish view.
You would be aware of my disliking of gaps, well you can see that breaking through to 60c closes a gap (circled) but (yes, there’s always a but), there is also resistance at 59.5c to get through (black line). Just got to keep an eye on RSI as it’s close to being in overbought territory. To help things along, buyers currently outweigh sellers at over 4-1 but that’s a fairly fluffy indicator. Again, a bit of sideways action would be healthy for longer term but love to see both the gap filled and resistance broken. Good luck.
Love to hear from any real chartists. @mirren have you got a minute?
Cheers
IFN Price at posting:
59.0¢ Sentiment: None Disclosure: Held
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