controlled uptrend , page-18

Looks like the channel of 4.5c to 4.9c has been broken, today's a clear breakout. I have a small holdings bought at 4.5c during the retrace from the false break on 13/01.

Been watching the buy and sell and it was obvious that distribution was occurring at 4.9c until that cannot hold up swelling buyers.

Last few sessions have been interesting where some large parcel trying to cap the price at 4.6c close at 500k parcels each.

As previously stated, not much point if you're trading 1 or 2 pips here and there, better to hold out for the farm out. I expect at least 25% return when farm out is announced on the last traded price.

We should get an update shortly regarding the progress. Today's breakout to the high with a great white candle from consolidation meeans that this will run pretty hard over the coming days. This type of consolidation breakout with imminent news is best to ride as it will often end up with higher highs.

cheers
pcyc