As discussed, the bullish inverted 'head and shoulders' formation, still appears very much in play.
I'm using the chart that shows closing prices on the hour, so perhaps it's more 'confirmational bias' on my part.
Regardless, if we get an hourly close of 38c in the next couple of trading sessions, the pattern is complete and we're heading for next technical resistance at ~49.5, before pushing on to re-test the previous daily closing high of 56.5.
Buyers building and results creeping ever closer.
Tick tock....
CNB Summary and Why Its So Undervalued, page-3317
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