When assessing support/ resistance on charts, it’s important to see what the volumes were at those points.
All resistance levels on AKP are on low volume. Hence it should not take much buying volumes on the way up to readily break through.. Look, for example, what just occurred last week at the $14 resistance level… it shot through to the $16 level like a VERY hot knife through the proverbial butter because there was little volume there on the way up before, so few people who wanted to get out , or around, their break even,, and that $14 level is now good support. It is the same all the way up the hill…
i anticipate little to stop the upward rise over the next few months , of course, dependent on good news at each resistance level , ( or rumours of good news…..
Wait and Watch.
Fred is in Tel Aviv.
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