Good result today, right on that 23.5c resistance level.(R2)R3...

Good result today, right on that 23.5c resistance level.(R2)

R3 for me is 25c. Need to hold 22c (now S1 - old resistance new support) tomorrow if the market is down or flat.

Don't want this to go to quickly otherwise it will lose support and have a hard landing as the traders dump. (reference last high of 30.5c)

We have closed perfectly on the high and 3.5c clear of the daily 100 MA.

Wednesday afternoon could see it overbrought so expecting a pull back later in the week.

Still a good long term chart.