After reading a small article in The Age this morning and analysing the chart, I took a position @ 23,5c.
There was a double break yesterday of both the trend line and horizontal line resistance......@ 11c. and @ 10.5c., respectively.
This morning there was a second break of trend line resistance....... @ 23.5c......with (current) horizontal resistance @ 25c. The close today, relative to that level will be of interest.
Just my take.
Cheers.
KYK Price at posting:
24.5¢ Sentiment: None Disclosure: Held
