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Today the SP tested the Mid 60s for supply and found some pretty...

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    Today the SP tested the Mid 60s for supply and found some pretty strong resistance at 64c. General market reversal and overall weakness didn't help. Also some pretty strong thrust down looking for stops particularly on open and then again later in the day

    https://hotcopper.com.au/data/attachments/3028/3028484-05fa5f90d6a4fa19428981c3e835e9d0.jpg

    up trend remains intact with short term target of $3.75. how long it takes to get there will be a matter of market sentiment and other left of field events I alluded to earlier today. The push for lows are exhibited in the below daily 1 min chart below

    https://hotcopper.com.au/data/attachments/3028/3028520-313c056be954720c8e5cbdba1757f674.jpg

    I was particularly encouraged by the buying above 60c early in the day showing a strong accumulation prior to the aforementioned games

    https://hotcopper.com.au/data/attachments/3028/3028523-a73658b7f594726c2bc8b0875496cd2c.jpg

    Rest of this week will be interesting if the general market remains stable imo however it is clear the overall trajectory is toward $4 +

 
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