That's what we all want to see arjay! Another daily close above our key 3.5 month long resistance at 0.115. First break on Jan-3 couldn't hold it but I feel this one has much better bull backing. Ideal scenario was highlighted a couple of weeks ago in this
post. Now that we have closed, we can do our pop above (although watching a pop on a larger time frame can feel like slow motion sometimes) giving us a candle or few above/away before coming back down to retest and validate the 0.115 as support. Intra day at that time may show a spike(s) below the 0.115 but the closes are the ones to watch.
Even though Tuesdays and Wednesdays are typically slow, I am anticipating a decent day again tomorrow in view of the end of the month and today's activity. 12,13.5,15? who knows. In a perfect world I'd call 15 then retrace to 11.5 to coincide with the daily 100 crossing above the 200 followed by a run to 22 over the next month or two.
Successfully completed leg 1 of that journey today - close above resistance on volume.
