ROC is settling into the uptrend channel nicely at the moment putting in some hard yards today. Bottom of the uptrend channel tomorrow is 71 cents and top is 76 cents. Tomorrow be prepared for another Battle Royal where the line of resistance charts wise is 74 cents but from "depth" wise has been called at 75 cents with 1.3M shares on sale. If the sellers win out tomorrow and the SP retreats we may see the initial stages of an Ascending Triangle forming with the horizontal at 74 cents with the lower uptrend line of the uptrend channel ( the two patterns can co-exist ). The "shorters" are running for cover and are looking elsewhere to pick the flesh of the bones of rotting carcases.
ROC Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
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