One thing I’ve learnt about TA charting is that the placement of lines is somewhat subjective, while one person has the support/ resistance at say 6.5c another will have at 6.0c and today’s price movement smashed through.
Does that become the new support or do we simply continue to see the 9 ema stay above the 13 ema?
IMHO it still will come down to their ability to appraise these wells fully and then technically we could see W3
May Chart, page-4087
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