This is my interpretation ofcourse there will be others, but the 10c mark also is a fib level and the RSI/MFI are both in over-sold terrictory, which makes my case for cup-and-handle much much stronger.
I bought in yesterday on this formation, have traded this a few time (as this is my current modus operandi) however probably would of been just as beneficial to hold from 6-7c (all things considered).
regards,
Nihilism
SBB Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held