Looks to me like we have a text book break up at the moment....

Looks to me like we have a text book break up at the moment. Which goes like this ...

1. Build up of buyers below 21.5c this morning
2. Burst through the 21.5 barrier with volume to 22.5c
3. Retrace back the pre resistance and now the support point at 21 - 21.5c
4. Stalemate for a while
5. Buyers start building up at 21c
6. 21.5c gets taken out...

Now... from here script should reads like this

7. Buyers continue to build up at 21 - 21.5
8. Touch on 22c then shortly afterwards a rush of buying as people start to cotton it will rally again.
9. Test of the 22.5 recent high..
10. Bounce off 22.5 a few times before a break up above it...
11. Rally continues until it runs out of steam I'd say 24.5 - 25c mark.

But all is in my opinion only ...DYOR and make up your own mind whats going on...