5.4c seems to be the pivotal price level over the last 12 months, switching periodically between acting as resistance and support. It should be currently acting as resistance with the sp coming back up from below but the sp has sat right on this level for several days without being pushed back down from it. That is a sign of strength and a likely break higher. You can see a similar pause at 5.3 for a couple of days in November before news pushed it well above. It seems the market is again buying ahead of anticipated positive news which should also push the sp well above 5.4c. The market appears to be beginning to believe that debt funding will be completed. I would expect a big move if/ (when IMO) that is confirmed.
MNBPrice at posting: 5.3¢Sentiment: BuyDisclosure: Held
Now 4.8c Astonishing what one can read on HC - Newbies balanced debating is paramount
MNB Price at posting:
4.8¢ Sentiment: None Disclosure: Held
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