Here is a 6 month daily chart:
- Has broken out from a descending triangle. Recent low of 0.845 succeeded in closing the gap which had been left in may.
- Has now broken the down trending daily resistance line.
Here is the weekly chart:
- Has broken long term weekly resistance. This is a very important break as the stock failed to break this resistance on 4 seperate occasions over 2 years and 3 months(since listing)
- Resistance lines should now become support. Weekly breakout is suggesting this may be the beginning of a strong multi week run.
- Bullish cross on the weekly stochastics is signalling that momentum is now to the upside, and a multi week rally is possible.
Looking very good - Good luck!
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- break out is on - looks good
break out is on - looks good
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