Mildly concerning as it looks to me like we may have a roughie head and shoulders top formation taking shape ... not quite there yet but closing in on one. We will need a break below 48c (with Vol) to confirm the pattern. If we have a sudden rally above 58c it will void the pattern IMHO.
A little too early to predict targets if confirmed but somewhere around 35-40c I suspect won't know for sure till When/If the right shoulder forms fully.
In my experience even malformed H&T tops should be taken seriously and are quite reliable predictors. A strong announcement may kill this pattern a weak or lukewarm announcement may confirm it. Just something to keep on you outer Radar at this stage.
CTP Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held
