Big volume, good mix of buyers, not a lot of profit takers from last week, and cleared the magic .25.
What we have to do now is aim for .30, BUT once again and not to rain on our parade it won't go up in a straight line!. We will have a short run , a few profit takers will sell, a few stop losses will trigger and hopefully our worst case scenario now is we will use .25 as our support level.
Somewhere between .26 and .27 will become our next minor sticking point, where accumulation meets distribution but I honestly don't see any big obstruction much before .30, then we have our 61.8% fib and the psychological .30 barrier to break.
Bands are starting to close, :-( but accumulation is still very high compared to distribution and the daily stochastic is still very much in our favour.
So outlook is still very positive, but today was a very green day for the market and all ships lift on a rising tide , but ours just went that fair bit higher .
DYOR: Mine is still divination and blackmagic.
CER Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
