Agree PLM, basically need to see 3 moves happening progressively:
1. 2.4c needs to hold & support bids gradually coming through - this is to make sure enough consolidation at 2.4c (the breakout level), so it provides a little cushion for further rises.
2. 2.5c gets wiped out sometime today
3. Watch closely if any rush buying towards end of day, then half of 2.6 wall might collapse.
Then this will be a good sign of news on Mon, 2.8/3c on the cards before news. Pure guess
GL all
JL
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Agree PLM, basically need to see 3 moves happening...
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