Chart wise the break to 6 and then back test to 4.5 was great, no announcements and on volume. Its then had 4 decent volume bars in the last few 15M candles to signal buying volume coming into the upside. I always look for a 50% retracement from the last run up before consolidation for the next move, which has happened almost perfectly.
Daily - really need to ignore that spike from the company update, targets of 8.5, 12 and 15 I think... will be watching to see if its a slow and steady rise or short sharp upthrusts. I would be selling any fast upthrusts or shooting stars and looking to buy back in on the 50% pullback if it still looks health. Prefer a repeat of Mar16 action vs the Apr20 spike tbh.
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