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32,754 Posts.
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04/01/12
09:38
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I wouldn't rule out a pump to 4-5c pre suspension
They'll want her higher than 2c before CR
In terms of technical targets:
1) A break of 1.9c should see her head to 3c
2) Once 3c is hit I expect a few days consolidation before an attempt on the old high of 3.4c
3) Once she closes above 3.4c the I expect a move to 4.8-5c
If macro conditions are stable it is reasonable to expect that the above scenarios play out pre GM/Suspension/CR imo
Subtle changes in the market depth yesterday....
we await a move beyond 1.9c and the completion of step 1 as outlined above...
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