Morning All,
Yes WM... very nice, the technicals are looking increasingly bullish all round IMO.
Backing up to Exised's H&S... according to Bulkowski's observations we might well conclude that the probability of the pattern target having been achieved is on the higher side. In the case of this particular pattern, he suggests an average retrace of 51% of pattern depth which, when working with closing price, gives a target of 41c.
MACD & RSI indications are also promising I feel.
I'll be looking for a strong break above the pattern neckline, circa 53 on the weekly, backed up by your wave count.
PS: Don't feck it up..!
AIS - EW Chart, page-1953
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