chart , page-115

Blokes, I can't say. When I saw the break of support at 51.5c I thought that it was more likely to hit 40c than 60c - unfortunately that happened.

Right now there are potential signs of pro accumulation, but that in itself is no guarantee of a quick move upwards. They may want to shake the tree further. If there was a break and close below current support at, say, 34c, 30.5 ought to provide some significant support. Do they want to shake out the accumulation that occurred back in May? I hope not, but we need to wait and see.

What is clear is that someone is buying, so perhaps the much needed demand will come in to push this back up. Really needs to get back over 51.5 as a key support level - that's quite a move from here.

Look for a test now or further shaking to occur and either of these could trigger a move up.

Not much of a Christmas present for holders is it!

Cheers,

TM.