All looking good for now, things to watch are firstly a break of 4c resistance (well technically I'd like to see 4.1c broken before I'd consider it above resistance as that is where the Oct 2023 candles closed at). From there is the break of the weekly 21ema at 4.3c. From there we would be looking to set a new high above 4.7c. I think a good indicator of whether the momentum will continue will be if short percentage starts to drop, so keep an eye on that. Hopefully they are starting to get nervous, I would be.
Daily 8ema (orange) has turned up sharply and tracking towards the 21ema (yellow) so we want those to cross. Daily volume is still only tracking at the average but still higher then recent weeks which is good but hopefully it increases today. MACD has now crossed on daily which is great. Yesterdays candle closing at the high showing buyers are keen to hit the ask. Chart shows no reason to think momentum won't continue but that can change very quickly as we have seen so many times before!
Gap at 3.9c has now been closed.
Possibly a buy the hype sell the news type situation with the presentation today but who knows, maybe someone knows something we don't. I personally don't think there will be any new info shared today but it looks like some people do! Hopefully I'm wrong!
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