Following the recent Merryl Lynch buying which they now have 5% of the company I think some of the capping which had been occuring over the last few weeks might be lifted and it could go for a bit of a trot.
Interestingly, OBV is starting to rise rapidily, and today it closed up on a much higher volume then usual. MACD is starting to cross over positive slightly, slow stochiastic is cross over, stock is above both 200 and 50 day moving averages.
It is starting to rise towards the upper level of the bollinger bar and could form a new rising channel. I think 3.30 will be the test with this one....
SGW
sons of gwalia limited
Following the recent Merryl Lynch buying which they now have 5%...
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