I'm a huge holder of this one Gus but I have to admit it's...

I'm a huge holder of this one Gus but I have to admit it's testing my temperament. Yeah I'd love to see the weekly median line tagged at around 5 cents, will have a better idea of that happening after a few more sensible candles get printed.

These ridiculous days where the SP spikes way outside bollies and immediately gets sold off is a real pain. Indicates to me that overhead supply is going to become a real issue unless there's an announcement that changes the minds of trapped players to hold on.

Anyway, chart is displaying exactly what we were hoping for and the bollie squeeze came out with a breakout to the upside. So often you will see a strong spike when breaking out but it now has to behave itself back inside the bands. Don't be surprised to see .04c tagged in the next 2 sessions as a) it will close the gap and b) it's good to have a backtest of the breakout level.

But the really good technical signs are that the bollie median is now wicking upwards which indicates that it's coming off the bottom, MACD remains very positive and the 8ema has leapt above the median line.
Now just add some volume and it all looks good. If and I say If, it broke down below .04 support I will be out faster than you can say who killed Bambi.



Here's a weekly for the super longs. Check out MACD but you really want to close that dam gap to keep things neat and tidy.



As for LC resigning? Meh, I don't see that as a negative. Let's see what the market thinks, the only opinion that matters.

Cheers.