now that we are operating under dance parlance, i would just like to lend a nod to Kate Bush and Vodka by nominating this one as a "Babushka" formation.
why? well if you look carefully, it is actually a H+S within a H+S. the first one completed perfectly, so we can safely presume that the second one is about to as well.
meanwhile, friday night weekly update? we have a trend. continuation implied in the candlesticks and bollie squeeze tightening up good and proper for an explosive move soon.
the logical explanation is that the market feels like it is running out of time on this one before the rally begins.
and i know that a few people are probably thinking "volume? meh..."
but on that point it pays to remember that the overwhelming MAJORITY of shareholders bought into this around 30c, so if you translate the volumes being sold to around 6 times the current shareprice, you get a very different interpretation of events.
long story short, this is well and truly on it's way. we're about 2c shy of the market waking up to this big time.
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