@EasyE Re:LPE You posted on the DT afternoon thread that the...

@EasyE

Re:LPE

You posted on the DT afternoon thread that the last bar on the 4 hour chart had excessive volume compared to the spread (ie.. maybe hidden selling)... http://hotcopper.com.au/posts/16851979/single

I agree with you and will add that a shorter TF shows this better - most of this volume was between 38 and 39... I am however of the view that this was DTer's leaving the party late in the day (ie not wanting to hold over the weekend).

I also note that there was a ceiling at 36 for most of the day (also previous resistance level 8th Jan) which was broken. Therefore, I get intraday support at 35/36...

Based on the line wipe buys on Friday I can't see any move below this level - looks all upside to me, looking forward to 4c+ over this next week... IMO of course...