Price action certainly strong after the gap close yesterday and close on the high of the day.
Will be interesting to see how much resistance comes in at the 24c mark / where the previous cap raise was completed. I don't expect much to be honest as anyone that wanted out would have pulled the trigger into the end of financial year as opposed to be sitting at this level waiting to go.
Daily - MACD positioned positively above the 0 control line, with the RSI showing further room to move before over bought signals appear. Solid volume too supporting the push higher through previous traffic zones.
Weekly - Nice to see the MACD positive cross now in place + RSI trending higher.
A weekly close above the 43w MA at 21c or better would be very bullish for the short term move to continue. I'd be pleasantly surprised if we did see it close above this mark to finish the week, however am not expecting it on it's first attempt.
BKT Price at posting:
21.3¢ Sentiment: Buy Disclosure: Held
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