The UK has now put on 3 back-to-back gains in a row with last...

The UK has now put on 3 back-to-back gains in a row with last night being the biggest in terms of % move AND volume.

It closed on its high of the day at .48p (0.0086 AUD) on 188m shares traded.

As outlined yesterday, when this re-rates it does in a very powerful way as both markets 'chase themselves' higher.

Last night was the first time (in this run) where the UK closed higher than the AU market. The previous 2 days saw the AU market at a 10% premium.

So... we should have a very big day on the back of that as the market makers buy up the shares given they're clearly short.

I'm expecting 0.009 bid today and perhaps tagging 1c given we have been trading at a premium to the UK in this run so far.

From a TA perspective; our chart is a picture of perfection. Break out from a 6-mth very flat base on record volume over a 3-day (rise, retrace, rise pattern).

There is an overhead gap at 1.9 which should draw some attention in the coming weeks, but prior to that, the TA target is the 200dma which is 1.2c

Exciting day!