We have been Ranging or Channelling for the last 4-5 months between the 6-7c range up to the 10-12c range. Currently ranging from 7.3c to 10.5c.
Currently the MACD and Impulse MACD are in the ranging area, where prices aren't necessarily really bullish or bearish, but can fluctuate.
These ranging areas need to be broken before we will start to see significant sentiment. If it becomes bullish on the MACD you can expect higher volume and greater buyers in the market. This is where we will likely see a break above 12c and beyond.
We have been Ranging or Channelling for the last 4-5 months...
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