Chart update. $NZC was short term extended at +48c - a natural...

Chart update.  $NZC was short term extended at +48c - a natural strong (jubilant) break out reaction releasing the pressure from breaking through longer term 40s resistance.  The share price has come back to the 10MA to reconfirm prior 40s resistance as support - as mentioned last chart post.  Still very textbook behaviour.  Ideally we want to see this level hold now - perhaps consolidate/digest recent gains a few days and then go again (or base) - though a nice tennis ball bounce today would be nice (Dow up 1%).  Short term target still mid-60s for the cup and handle pattern.  Longer term weekly chart not much in the way up to the $1 psychological barrier and beyond. If you believe in Fib extensions the 61.8%  level is around $21.80 ) lol.  That might take some Ivanhoe-esq discovery.