Having another stab at breaking out of the pivot, someone has been soaking and seems ready to let it fly.
Bit of overhead supply to break through, however it's been a lengthy consolidation and accumulation which we can observe in the contracting volatility throughout the base.
This will likely be on the radar for a few breakout traders so good chance of a run.
Bitter sweet for me, was up over 100% on NEU around the time of the cross trade this time last year that set in motion the grunty sell off, and for that reason I wont be a part of this potential rally. That said, I hope the long termers here get to see some green numbers in their holdings.
(20min delay)