rob, .60c was actually a fairly strong resistance point imo but the sp ploughed through it with ease & on good volume. Interesting the volume has been solid for a good couple of weeks now. Very good sign for the sp I think.
It's hard not to be bullish about today's action/candle as it looks keen to go higher, keep in mind that there is resistance at 65c however on the past 3 ocassions the sp has successfully made it up to at least .71c/.72c so I guess thats where it's heading st imo, it may even give the blue line a nudge before a bit of consolidation?
Look at the WEEKLY stochastic (on daily chart below), price on the mid point and heading north with lots of room, v bullish considering where the sp is on the daily.
RES Price at posting:
63.5¢ Sentiment: None Disclosure: Held
