I though i would share this with everyone here. As i was extremley happy with the trading today.
Just few points i would like to mention - with reference to the attached chart... will post again if chart does not come through.
Although todays share price dropped, this was actualy a very bullish sign....
If you refer to the attached chart it clearly indicates that the line which was once resistance was smashed through - it gapped on high volume on the 11th... hence becomming a new support line. When a gap up over resistance occurs it is very normal for the share to re-test this for confirnmation that it has now become a support line. This was confirmed with the re test on good volume today and as well as re-testing, this shakes out the impulse buyers and clears the line for the SP to rise North again with less sellers.
My Target for this week is 39.5 cents, if it breaks this then the sky is the limit!!!
