Hiya Goblin,
yes just saw your post.
On the face of it a break above $1.17 is pretty significant purely on the basis of rising Fibonacci targets.
A couple of things though. MAP is showing as strongly overbought not on MACD and has been showing this way since $1.12. Directly related to this the Demand Index has faltered and begun to fall.
Accumulation is still continuing unabated though.
I would expect that some form of retracement is just about due given the pretty solid rise MAP has had in the last month so I probably wouldn't be a buyer at these levels if you know what I mean until either MAP pushes right through the overbought signal or falls back for a retrace.
I'll keep an eye on it.
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Hiya Goblin,yes just saw your post.On the face of it a break...
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5 | 173176 | 0.170 |
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2 | 12481 | 0.155 |
Price($) | Vol. | No. |
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0.185 | 28400 | 1 |
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