Short term picture: In the middle of a range of 30c-35c; a break above will look to test the Aug 2015 high. A break below 30c will look for first support at 26.5c. Note a fair bit of work has been done around the 30c support level and has held nicely
Long term picture: approaching a key resistance level at 36.5c. Currently in the range between 26c and 36.5c
It has broken out of the downward trend channel that was evident between June 2015-Jun 2016
Moving averages have confirmed the upward trend that you have seen in July. A break of this signal will occur if you start seeing it trade around 26c
A few triangle pennants have formed (in June/July 2016) and broken above both of them. Currently looks like its just broken out of another one:
Short term picture: In the middle of a range of 30c-35c; a break...
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