cannot work traders out..., page-42

going by what funkymonk suggests (i'll leave it for him to confirm, i'm not at all knowledgeable on the TA side), it seems as if any further selling has been rejected. Clearly no-one has been willing to sell further at these levels.

Much like the continual resistance we saw at 20.5c, where we had 3 attempts to break it, and met continual resistance. Conversely, we have now seen the opposite.

In saying that, it only means a rise until the next resistance point, after which it might come down again. For traders, this is all they are concerned about. That is their prerogative and right. If you're in it long term, this will mean nothing...but it's nice to see it go up for a while :)

TA's out there... a positive day tomorrow will confirm a short-term uptrend right? or too early?

I'm curious, I'm still trying to learn some basics in TA, for future reference...:)