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@BigDanStill waiting for confirmation of a break of the current...

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    @BigDan

    Still waiting for confirmation of a break of the current down trend line, 10.0 is looking good for now as strong support but if that breaks next week we may back test previous resistance highs at 8.6(now becomes support). My TA always leans towards key support and resistance levels but I'm no expert by any means. Next week is setting up nicely if 10 holds with plenty of catalysts in the short term future. Last week we went too parabolic for a sustainable SP and this is just a healthy pull back.(Taking a look at the weekly chart you can see how strong the move was last week). Healthy consolidation is what we need now, shake out the loose day trader hands and into the hands of long term holders. Personally if we break 13c again next week it will confirm the reversal back into an uptrend where previous highs maybe tested and broken. Would love to hear other TA by others on this one. Cheers GLTAH

    Daily
    https://hotcopper.com.au/data/attachments/2951/2951818-5f688483b2d4592c72a8f5fb05b1db25.jpg



    Weekly
    https://hotcopper.com.au/data/attachments/2951/2951815-743c210020ff5e69e9bccc02f3cdd689.jpg
    Last edited by gtrr34: 26/02/21
 
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