I would like to think that it will hold in the top half of the box tomorrow & wont be disappointed or surprised to see a day inside todays range or even the $0.135 - $0.15 range, that would give it a breather for this week & a good base for next week. My preference of course would be to see it nudging the top of the box's range.
The overbought oversold indicator I use is at its high but not extreme. Todays candle is not bearish but not bullish either but I expect it to come off a bit if for no other reason that we didn't get an announcement & its Friday.
Going into the weekend without an announcement to explain the rally off the lows might take a bit of holding up but we will soon find out how serious this rally is.
It certainly looks the real deal on the weekly chart atm anyway.
PSY Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
It certainly looks the real deal on the weekly chart atm anyway.
