chart, page-8

thanks for the interest Burnett, glad i can be of some sort of help from time to time!

pretty happy that my chart reading picked up the fundamental shift that was taking place... the charts gave away the smart money entering prior to the deal being struck, this will always be the case as is a reason why its better to learn how to read charts rather than try to keep up with all the information surrounding every company on the asx...

but to be honest, its hard for me to read the BBG chart on a longer time frame, because the past 2 years its been going through massive step downs in price as bids have been made, rejected/dropped etc... so its obviously the case here that there is a fundamental reason behind the retrace rather than any kind of technical retrace...

the next major form of support/resistance is around 75c-80c imo... but i dont know enough about the fundamentals to know if it will get there...

anyway, updated chart: notice how we got a nice kiss on the 45day MA on the 8th of July, now the 195 MA is at 68c... if we get up around there it might tag the 195 around the 75c level and find resistance... but who knows..