Longer Term Chart
Just entered EW3 with a massive gap on good fundamental news.
No prizes for guessing what the target is. My guess is 25c, recoil, then all time highs. But that's very subjective.
The interesting aspect is that yesterday it traded perfectly to the 62% Fib level of the interval to 24.5c from recent lows. You can't make these numbers up.
Fairy straight forward TA here ... all FOMO driven by retail and all FA driven by wholesale. Anyone notice the ratio of ASX:CBOE yesterday? That will be a guide - no shorts on Monday so no bot shorting via the algo's Might be different from yesterday after the news hit - lot's of significance in that data if so.
Going to be a fun day today ... how much of the market still T+2, T+3? hmmm
Got a decent round figure starting parcel at 11.5c yesterday - lucky.
Apologies to strong longs - I just couldn't keep the faith and believe in lunchtime snaps! lol
Longer Term ChartJust entered EW3 with a massive gap on good...
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