another attempt at ta

The break through 4c was significant (at least one buyer was keen on Tues, directors?), but it does look as though we have a seller at 4c, so this could still provide some resistance on low volume days. Sellers are also beginning to fill up between 4c - 5c.

I have been trying to read the daily chart for EHR and thought I might share my thoughts. Since the lows in October, we have seen two flagpoles (12/10 and 16/11 - 25/11) followed by ascending triangles with resistance at 2.5c and 2.9c respectively. The latest flagpole has taken a little while to form (15/12 - 3/1), possibly due to low volume over the festive season. With anticipation of some decent announcements in the coming weeks, I think we can expect low volumes on the next ascending triangle. The way I read the daily chart, I see significant resistance at 3.5c, however, I wouldn't be surprised if the sp doesn't get that low. I would guess at a low of 3.7c, although the weekly chart shows resistance at 3.6c.

I am expecting the next flagpole to be a big one, with higher volumes. All is IMO and please DYOR.