The intraday chart is looking like it still has legs.Two choices...

The intraday chart is looking like it still has legs.

Two choices with this one:

- swing trade it for scalping profits - very feasible at the moment. Watch for the spike-stall-reverse pattern on the intraday chart and sell into the spike as soon as it starts to stall.

- hold for longer, as the underlying FA and the longer term TA trends look too good. Today's volume suggests that those "in the know" are getting loaded up - not that insider trading ever happens here in Australia - oh no, never...!

Of course there will be profit-taking either later today or tomorrow. But for those interested in the longer term run, the dip will be another opportunity to average up into the trend.

I'm holding mine, having doubled up on Friday as posted above. No guts, no gain.....

Stops are set, of course, but currently my stop is set fairly loosely to allow room to move, so I don't get shaken out by a tree-shaking exercise.