Hello vulture,
Today's trading has, in my opinion, created a new support at 2.6, the scenario we had speculated about yesterday as trading today cleared the 2.6 resistence.
This should see shareprice appreciating to the next resistence level which I see at 2.9.
This is the resistence level after GSK ann from mid Nov from where price declined subsequently.
MD appears also sees largest sell orders at that mark.
Accumulation / distribution index spiked up remarkably, I expect accumulation to intensify further.
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- still the same pattern, ann. very likely
still the same pattern, ann. very likely, page-31
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