New chart thread as old one was very very old..............
News?
Manipulation?
Accumulation?
Dont know!
We still have a gap below, and volume is currently relatively low, but the set up is still there for a major move higher.
200dma turning up, after a long basing action; Macd is looking to cross above the zero line; DMI is about to give a buy signal; and slow stochastic is positive.
Still need a move above previous high to confrim a new move higher, but the current trading is suggesting more likely a sustained move higher is next rather than a continuation lower.
imho
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