This was a classic breakout through previously established resistance and the 100D EMA at around 5.7c. At this stage we are on the predicted pull back to resistance........ this was a technical breakout in spite of some of the optimistic theories. It's now testing support around 5.7c. Look for candle reversal or crashing through support and back down to around 5c in my opinion.
If it does find support I would be cautiously optimistic that it could see trend reversal. Something it undoubtedly deserves based on FA.
This was a classic breakout through previously established...
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18.5¢ |
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| PAA (ASX) Chart |