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Wild ride today.Opened just on/above the 50fib using $5.78-$4.54...

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    Wild ride today.
    Opened just on/above the 50fib using $5.78-$4.54 hi/low at $5.17.
    Dipped to no mans land at $5.09 b4 surging late thanks to a squeeze finishing right on the 38.2 retrace at $5.30. $5.48 is our next target on the 23.6.
    With the weakness lately, I wonder if there was a bit of a halo effect in the sector based around Graincorps nice little 7-8% run.
    Either way it is outside the standard Bollies on both the 12 month daily and 5 day.
    I will be surprised if it doesn’t come back a bit next session.
 
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