Originally posted by demoniaco
For anyone who cares about TA, yesterday's move made perfect sense...
Strong positive divergence when the bounced off the support level from ~19.5c caused the movement to shoot back up.
The looming FA was definitely helpful in driving the price to 26.5c level, otherwise it would likely have double top'd at 24c instead.
Either way, this is pretty clean cut technical analysis.
There's very little chance we were ever going to break strong resistance @ 26.5c and definitely not 28c without news.
Need catalyst news to break through here.
Hangout for the SMARTCOUGH study investors.
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Thought it looked like traders. BTW what does FA mean (apart from FA)?
