Smart money buying accumulates in waves. They prefer to keep the...

Smart money buying accumulates in waves. They prefer to keep the SP under control and hopefully shake out a few more sellers on this process. We may well see several waves throughout the day and rest of the week. Most important is that there has been little volume under 3c since it’s last run back in May. This means less profit takers and more buyers coming in and taking positions at higher levels. I’d like to see the volume remain relatively low until mid 3’s and up until the quarterly. This should also minimise those who like to sell on the news. Then we should be well positioned for a break above the mid 4’s on stronger volume.

Then again the quarterly should also demonstrate strong FA which should also be supported by genuine longer term buyers.

JMHO and please DYOR