Due to positive news flow to continue we will see old highs hit and bettered in due course but buying in on a stock bolting on news through the 3 standard deviations on the 20 day BB does not give much elbow room for a quick buy and sell.
It shows traders have got hold of the stock.
It also reflects a very positive sentiment on a stock that is actually producing gold and is in the process of setting up to be a Lithium producer.
Cant see any medium or long term downside from here.
Smart short traders were in earlier and selling on the news.
When the SP settles a little they will be in again for a sell on the next news at higher levels than today..
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Due to positive news flow to continue we will see old highs hit...
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