An update on this when I get to a PC, but my thoughts now are even stronger towards the base of the C&H now formed.
With even being able to look at the latest chart the SP has come to around a third of the cup formation, near perfect for the handle formation to pan out. Also supply was minmal yesterday.
With the results announcement due out any moment now, and very likely positive, if the sp moves up as expected the C&H will be well on the way to being confirmed.
Will it happen? If it does it won't go unnoticed and the rise could be signifcant if the C&H forms and is confirmed. The bullish falling wedge is clearly evident now, the first part of the handle formation may be complete.
Back soon...
VAL Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
