26.00 is the triple top high
peaked in 4 Jan, 22 Feb & 26 July 2021
I called the top in Jan 2021 and was laughed at and then it was proven a correct call.
21.50 is not the high
21.50 is a resistance pivot as was 22.50, 24.00 26.00
I called a run up to 19-22 SPOT ON.
Now its at 21.53
Its in this top of the range 21.50-22.00 that I called
twice its been beaten back from there this month, this is the 3rd run at it.
The last 3 trading days it has risen 20c a day at close
2 & 3 Feb it rose 70c to close per day
so momentum is reducing right on the resistance pivot yet again.
22 Feb is the marker day from last years high,
it has to break out by then or it may reverse and the SHORTS will be all over this like a red rash in summer on the beach.
Time is running out, divy is approaching, SHORTS are lurking.
Yet SHORTS are STILL BURNING, but dont think it will be like that forever & it will go back to 26.00.
I am watching this end Feb period & IOP as china gets back to work today with the Olympics there.
Expect status quo till Olympics are in China.
FMG Technical Analysis, page-8178
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$21.41 |
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| Open | High | Low | Value | Volume |
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