CLA Charts

Thought I'd bring the charting discussion into its own thread....couldn't find anything in scrolling back back a few pages, so here we are.

As noted in the other thread the daily chart is showing some nice strength having back tested the previous supply zone of 1.4/1.5 on low volume and moving back to key resistance levels at 1.8/1.9. We have closed above the 200 day ma which bodes well however this has been rejected on its prior two tests back in April and Jan of this year (our close this week corresponds to the 200 week ma of 1.9). If we get some good news next week and can clear the key supply zone of the low 2's its going to set a nice medium to longer term direction (not posted but we have broken and now retaken a key downtrend line on the weekly as well which was discussed on the other thread recently).

FA is shaping up nicely inline with this given the upcoming resource upgrade and potential ML approval. No hiding, as others have noted, short term funding will be needed however given recent buying, there will be no shortage of demand for a raise there!! All imo....amateur at best here...