Thought I'd start a chart thread given the upside potential here given all the tailwinds at company and commodity levels ... plus drill bit results to date
Charts bullish but a little hard to read untill you look a little closer Sp closed on a slight retrace, lower volume but higher VWAP 85.6¢ In the 3 week chart above, green volume bars overwhelm the red in size and number which is what you want to see for uptrend continuation The dip on 5/7 saw a bounce off the EMA(9) ... how many commodity stocks are there in the ASX above the that level ! Strong market support here Parrallel descending (yellow) resistance lines reveal a TA awareness at play. 35 point moves evident on the weekly
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