The above was posted on 05/05.......and the more things change, the more they remain the same........$6.67c. being a major, horizontal technical support/resistance level.
Some very subtle price action this week........resistance at the up trend sd line @ $6.97c. (the weekly high) and the CLOSE @ $6.67c. ......the RANGE mid point.
Closing prices that respect SUPPORT at this key level is an indication to expect further upside, a test of the current high, followed shortly by a new ATH.
So, the focus next week will be the price action that respects support @ $6.67c. and resistance at the sd trend line.......which next week is @ $7.00c.
Cheers....and keeping in mind , the closing price is the one that matters.
Charts, page-3946
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