Stale holders nearly out but we are now seeing bit of pip trading.....Been a quite day for market and so might take a day or two prior to real push up....
We were trading at low of 16-18c but recent announcement took us to 36c (surprisingly) and we all know it was never going to hold over 30c for too long. However, We broke through Bullish continuation wedge & so I was more interested to hold over 24c (200 EMA) that gives us new support area. We now see low volume flush out for past two days, which indicates end of supply (soon) plus a new support zone...If we keep holding 24c or over for a day or two, I thing we will surely start pushing north to 30c and beyond...
Patience is the key.....
Daily Chart....
Stale holders nearly out but we are now seeing bit of pip...
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