The SP has been running along the bottom bollinger for the past few days. At about 3.00pm today, there was a clear change in buyer support over sellers, where buyers outnumbered sellers and a clear upswing in the SP prevailed.
It was only small, but the volume has increased over the past 3 consecutive days and I expect the volume to increase again tomorrow.
If the SP crosses the middle bollinger, then watch out. She will run and she normally runs hard.
Waiting for confirmation of the crossing, but I thought 6.6 was a goo entry point although there is a gap that needs to be filled at 5.4c as a downside.
I'm punting that the gap wont be filled though and also spot prices on uranium are on the rise again.
BLR Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
