Breakout

@Money made It use to be T+3 (My mistake) now the trade settlement period on the ASX and Chi-X is two business days, which is commonly referred to as T+2. Today the SP tested 7.8¢ today making it three times since 18 May 2018, once it breaks out, the next resistance after that is 8¢ but be weary on a false breakout.

Nice to see stabilisation in the SP since the TH was lifted. With the bonus options offering of 1 for 3 I think option holders will be thinking of holding now, as they know the results are coming and that the company should be giving an update on the vanadium which I would expect before June 30 2018.

I would like to see the STOCH cross as well as the MACD. Tomorrow and up to results we should see the steady movement north of where the SP is currently.


All constructive criticism welcomed, as these are my thoughts and interpretation that I post, and they do not replace professional advice and no one can truly predict, in any way, future trade quotes and performance. Good luck to all that hold.