Nice close again on the day high above VWAP to create a 3 White Soldiers Pattern. Combined with daily MACD clearly green, stochs looking good, RSI on the up with plenty of room to move, 9SMA touching 13SMA with 20SMA about to turn, and a clear break of the downtrend from the high on 12 May.
Add in all these little chess moves we are seeing on the sidelines, plus a few big news items expected in coming weeks and I reckon the bottom is definitely in and the bull run is preparing to take off. Hoping to see a steady rise in SP over the next 3 or 4 weeks, maybe to around the ~22c resistance, ahead of 2 to 3 months of regular anns to feed the bull run to who knows where (60-80c seems a fairly common consensus).
ASN Chart, page-8695
-
- There are more pages in this discussion • 1,402 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
