it may be forming a second handle and drop to 40c again if you take a longer term perspective from 5th october untill early march with lows of 20c and highs of 55c. we are now in the midst of forming the second handle with a low of 40c. first handle april till may, second may till june?? But with the other bullish indications such as consistently bouncing off the 30 day MA and an ascending triangle over the last 8 weeks the second handle may not be as deep as the first and the ride up may start now:)
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