Just a few of my thoughts for the week...
JAT - I'm curious to see if it can hold it's gains from last week. Friday's price closed above the 200EMA for the first time in ~5 months, with volume coming in droves. I see just short of 10c as a major resistance level coming up, and there must still be many trapped holders who will likely be looking for exit points, coupled with the holders who bought at the lows and want to lock in profits. These factors may prevent a sustained run, but with all that volume perhaps there is news on the way.
BIT - The daily looks very extended now, but I still like the look of the hourly chart. Should provide a few more trades yet.
Most of my focus this week is on adding to my medium-longer term portfolio given I see a few bargains around at the moment.
Good luck to all traders and may the week be a profitable one.
Cheers
Just a few of my thoughts for the week...JAT - I'm curious to...
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