a potential position trade ..., page-3

No probs P2W - over the last 5-6 weeks its managed to hold its price around this new level and not weaken so it could be getting set for the next leg up. If so the next immediate target area appears to be around the 5.5c area and beyond this it looks to be around 6.5c.

Anyway from a charting perspective we'll just have to wait and see what it does from here (i.e. goes up, down or continues to go sideways) and how it does it (i.e. if it goes up, does it spike up or is it a steady rise, etc.). Then one can reassess whether the original assumptions on taking a position in ABU at a point in time is still valid or needs to change based on new info which becomes available.

Good luck!