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Depending on DOW, I think there could stil be intraday strength,...

  1. 1,715 Posts.
    Depending on DOW, I think there could stil be intraday strength, ie, a little push beyond 3.1? Where it finishes IMHO depends on how close the news is. On such a hype ann, it should'v closed flat (iv seen that happen more often than not actually), but it refused to, the buying towards end was real enough, I expected 3c or below 3c close actually, but the push towards 3.1 at the end was quite strong, I think the news could be closer than many expected?

    Im hoping 3c can hold as strong support, if not then 2.8c (50% fib retrace from low of 2.1 to high of 3.6 for this run?). Mind u, last time it ran from 1.2 to 2.4, it only retraced 0.3c to 2.1c, so plenty of support/strength on this one alright. Need to see whether or not there's news tomorrow & overnight DOW to tell where the most likely support level is.

    JL
 
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