Yeah I could see there was a fair bit of selling going on and would rather have seen that kinda volume on a downbar closing high. Bit hard to tell what's going on at present because there's bound to be some absorption in there with that volume because .042c has been pretty strong resistance. But a solid green day like this is a start I guess and nice to see a breakout but like you said we won't know until next week what the intentions are. Like I stated earlier on so much effort you really want to see a result and thankfully we got that today. We do however always need that next bar confirmation. Personally, if it can keep up above the .042 level now, I'll be looking for a test before I do anything. Like you, I am and have been very very cautious and it has paid off and kept me 90% out of the market since we started the decline back in April.
Cheers
CCC Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
