I have been watching this rise over the last three weeks. Its been unusual, on very low volumes, almost controlled if I was trying to find an appropriate word.
I'm certainly not getting over excited. Lets firstly see if around 0.715 offers resistance and starts a turn. Possible?
If the SP continues in the same pattern as the last week or so, its possible we could get to 0.745. I wouldn't mind this at all. I would like to see some kind of profit taking pullback (like a handle to the small cup pattern around the two 0.745's).
If this plays out and then it turns upward beyond 0.745 for a couple of days, then I might start to get a little excited for the target of getting to 0.85 becomes feasible.
Just my opinion, as always DYOR.
We shall see?
cheers Lies
SPL Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
