I'd be very very careful with that huge volume sitting behind us from a couple of days ago and today so far looking like an upthrust bar that has spiked up into that area of previous supply from February. We shall have to see where it closes today. Not saying it won't push through but some consolidation at the very least would be expected here to absorb that supply first. I wouldn't be surprised to see price move down and test the 62c area first, Which of course would present a good buying opportunity and unwind the overbought condition on the chart.
Cheers
BBG Price at posting:
69.0¢ Sentiment: Sell Disclosure: Not Held
