This stock has shown some very strong underlying support.
Yesterday it looked like it could not get over the 43c mark, as it had tried twice previously. I decided to lockin some profits and 42.5 and as I was going out for a few hours put in a bid at 40.5 hoping for a retrace.
I come home and the bloody thing is at 46. %^&$#*.
Anyway I jumped back in at 45 at the close, not wanting to not be in this stock if they release flow rates on JH#1 after market.
Based on this underlying strength any significant results could really send this stock soaring.
It looks to me to appear to be doing the same thing today. This is my interpretation based on fundamentals and resilience of this to retrace.
What are other peoples thoughts on this. chartists, fundamentalists etc.
Comments appreciated. regards
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