The last week's price action shows a slight bounce off an existing 7-week trendline of support (purple line) since the AGM.
After December 9, I've called this the post-Hrdlicka trendline.
Notably, that trendline was tested last week. It was breached several times in the early part of the week (during intraday trade). Wednesday closed almost exactly on the trendline, only for Thursday to see a 2.5% gain that moved the candlesticks (and wicks) back off the trendline.
In the seven weeks since the AGM, the trendline has risen about 7% (14.16 / 13.20).
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1 | 12000 | 6.650 |
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Price($) | Vol. | No. |
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