I want to do some charts, but think I will wait for tommorow. I would say conservatively that there are key supports at 7.7c and 7.5c and resistance at 8.4-8.6 and think that we should expect trading anywhere between 7.5 and 8.5 c leading into the next announcement. We just saw a MACD cross after some selling after lunch, showing more buy momentum which is nice. Seeing some up and downs between 7.5 and 8.5 is not a problem, and its good to have some price consolidation within narrow bands and some strengthening of support levels leading into the next announcement. Some intra-day/week price stability will also increase market confidence.
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I want to do some charts, but think I will wait for tommorow. I...
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