Time for a little update for those concerned the breakout stalled again at the 31 resistance ,into an accumulation phase,
Heres a ST trading template, it shows a 28 entry and a
CBL 3 x period Count Back Line 28 Trailing stoploss, you can also see the support /resistance history at .285,
momentum oscillators are all bearing down (including todays somewhat piddly volumes) so one needs to keep a watch or set conditional orders at the stoploss..
I know zilch about the fundamentals but did I read a placement at 30 ?...around that is going to be a fairly sticky price level
(as support)imo ..In favour ,an ascending triangle appears to be the next price pattern forming...
Just my view
Erich may correct me at any time.![]()
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Time for a little update for those concerned the breakout...
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