wa1 Chart, page-1768

Now this is a bit interesting. There is what looks like a reverse head and shoulders on the hourly chart that started back in late January. We can see there is one candle on Feb 2nd that has a long upper shadow. That was the day we got the last results. There was an initial flurry of buying and raised volume as we might expect but price did not hold that day and the SP quickly sank back below the neckline of the pattern.

However today, and for no apparent reason and on a morning after the US markets had a hissy fit, we shot up through the neckline on raised volume. This could be the breakout we have been looking for. It may signal that news is on the way, It is at least worth keeping an eye on.