Closed at 1.215, 5c off the high of day, with a VWAP of 1.18.
I hope profitable holders are practising Trade Management, to preserve paper profits.
You know what they say...up the escalator, down the elevator - a Trailing Stop might be a good idea. Some people have big paper profits in a short period, and wouldn't want to see hem dissipated (excessively). A trail will always cost you (something, by definition) with the upside of benefitting if it should continue to rise. There is still no free lunch.
It's basically in blue sky now after an 88% collapse since late July
Can it continue up ? I don't know. Nobody knows. All I know is that trees don't grow to the sky.
