I don’t work in the industry, just an interested enthusiast.
Today’s closing price is no mistake, closing beneath the 23.6fib at 9.8.
It felt a little toppy late morning so I closed out at 10c.
We are well and truly still within the handle phase.
However, 3 long wickdowns recently from 10.5 shows there is work to be done at that price.
Perhaps it needs to consolidate here a bit. Been a strong recent run from below 8c.
We need to take what the market gives us and for me today, that was 10c.
I expect to get back in around the mid/lower 9s shortly which will still be in keeping with our pattern setup.
This is a really good stock to follow.
It is in a growth industry that seems to have bottomed out.
Whilst pricing is volatile, it generally behaves within charting ‘rules’.
Money to be made short and long term imo
