Totally agree
@hoots...... SP is trying to push up into the upper channel, however downtrend is still intact with resistance at 19.5c. I guess the 200 day MA may also be cause for resistance as some peeps wait for the SP to clear this mark before taking another look.
Bugger all volume and a long weekend (in QLD anyway and we all know they are the biggest risk takers
).. tells me people are very cautious at re entering/trading presently as it could very well break down again.
Might be a bit messy for the next few trading days without positive news to turn sentiment. Hopefully we at least close above the halfway mark of yesterdays green candle.
VW just wrote a big cheque ....that certainly bodes well for the industry as a whole.