Ready to rise or more consolidation?.Yes MTM gained 1.5c to...

Ready to rise or more consolidation?
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Yes MTM gained 1.5c to finish at 18c. Our volume was decent without being very high, but better than last 3 days, just over 6.9m shares traded. We opened at 16, touched high of 18.5, low of 15.5 and finished above open at 18. So as I wrote last time couple of days back, those following charts/numbers/patterns should be happy with the price action.
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Couple of days back I had headlined - whether we are ready to start finishing above 17.5. It looks like we are. Though we did not have a very strong high volume days, but trading was decisive. Since we moved out of the block around 10/13 range over a week back, the intent has been good. We have not finished below 15.5 for last 6 trading days. Why is this important? As I mentioned earlier, 15.5 was previous resistance. It is now acting as a strong support now and is making sure that we trade in the next trading zone, which I feel is from 15.5/22.
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So we got a good finish today at 18c. I had said it would be good to get over the 17.5 and finish above that. Previously intra-day we were able to get above it, but not finish above it. So we made a new high finish toady at 18c - the highest in last 11 months or so. This means its ready to move up.
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So do we think we are done consolidating around the 16/17 mark which we are doing for a week or more consolidation may happen? There is a good chance we may try to rise from here and move towards 22c. There may be another churn, but chances are it may not take it 15.5, but a bit higher and then move up. The 22c mark is also important as its the 52 week high SP. Reaching there will be very bullish. I feel it has got the legs, but as I always say, anything can happen in a volatile market or some announcement, so please check for yourself.
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General markets still not bad. I have a feeling that we may carve our own path irrespective of markets, but good to have green market as well. Tonight is crucial Interest Rate decision in US and then Mr. Powell will speak. He can move markets. Anyone interested more around my thoughts around general markets can read more here -

https://hotcopper.com.au/threads/sya-daily-report.7085637/page-4#post-67548422
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So what will happen tomorrow? Last time I wrote "We have been knocking around 17.5 for some time, intra-day went up, but have not been able to do a finish above that. If things don't go well. lets hope 15.5 support is held. But if things go well, 17.5 could be taken out". Somehow it has played out like that, a lucky call. Indicators are good and many must be eyeing a 2 in front of SP. If we slip, it would be good to hold 15.5 - but now I feel 17 itself may provide some. But if we go up, 20 is knocking on the door. Will that happen? Lets hope so. All the best.