A really strong burst through and close above the red median line at 4.5 calls for a test of the upper channel. Technically 4.3- 4.5 was strong resistance, but blown away on BIG volume indicates the power of this rally.
Between 5 and 6.3 is “no mans land “ Don’t get fooled into selling anything in this zone.
Upper band of the blue channel is a strong target, acting like a magnet. 8 c now, trending to 10c by year end if it takes a little longer to get there.
DMI below shows the +ve blue line on a shot of viagra, ( a technical term going vertical) , and the pink line ADX well above 20 level indicating momentum is strong and building . Don’t ignore it .
This Pitch Fan channel uses the 2018 low, to 2019 High, back to 2020 low . The outside blue channel limits are just like the high tide and low tide water marks. Very reliably the tide always returns.
