The HOURLY lr chart ('the canary in the coalmine') from the $8.975c. sp high on 23/09/24, to the $4.24c. sp low on 12/12/24, generated a lower CHANNEL range of $1.36c......($5.40c.- $4.04c. = $1.36c.)
The sp rally off $4.24c. was initially halted @ (rmp) $4.72c., and, ultimately @ $5.40c.
The subsequent sell down has (thus far) respected SUPPORT @ $4.04c.
The primary, up trend WEEKLY lr chart is currently testing THAT key, horizontal support level @ $4.11c......today's low.
So, the 2 immediate SUPPORT levels of interest are, $4.04c. on the HOURLY chart, and $4.11c. on the WEEKLY chart........and the CLOSING prices, relative to both.
Cheers......stopped out @ $4.51c., and back on the watchlist.
CU6 Price at posting:
$4.17 Sentiment: None Disclosure: Not Held
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