I noticed a nice break out up on the SP last week, at last. I am assuming it was a result of the positive news that the chips, PL6 was it, had arrived at the testing facility. My weekly VSA chart confirms the breakout following the two stopping volume candles which are indicating strength in the background. So where is the SP going now? Depends on the news from the testing I guess. It would be nice if the price action from back in August-September 2023 was repeated, but that's a bit too much to expect I think. I like to watch the 50% retrace levels as they seem to occur so frequently (see chart below). I'll be watching for a larger range up candle with volume above about 80 million shares to confirm a new significant move up.
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