I have a few of these also - chart wise as per question im not sure if you can call it a cup base im not sure its rounded itself enough at the bottom on the daily or you could say it is but as its not deep its not a "strong"signal (having just checked that bit online) ..however I just switched to the weekly and at 34 it could very well double top and try and form one (weekly chart much better actually) its set/setting up a nice rounded bottom on the weekly
what I dont mind about the chart is thats its not far from support here (about 2 cents or so) so your risk isnt too bad stochastic looks ok also (not pointing down nothing to write home about but not bad at all)
main area of latest accumulation is 24.5-27c hence why prob sold off on the ann (again risk not so bad due to this)
if this could break 40 thats when you should get excited :)
SRM Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
