Lol so true..haha.. this is why its good to follow the TA imo and not try to anticipate it so much ..nothing wrong with TA observations and calculating potential set ups etc but we should always follow trend. its the net result..
There`s a few common longer term TA points at the moment suggesting that short term around 10.5c might be stiff resistance to crack..
They are the long term 38% Fib up from the bottom this is often very resistant
The midpoint of the last major consolidation back in Aug were price resolved to the down side at 10.5c
Also the the short term wave count (w5) of w1 is at its theoretical top at around 10.5c..
Just some observations at this point to watch over the next week of trading imo.
Now if price ignores and rejects all these things you would have to assume there's still some major strength here rather than fatigue. ...
All that said the med term trending trade here is still 9 above 13 ema on the daily chart..price could drop to 6-7 c and still be intact imo
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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10 | 1865413 | 5.7¢ |
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1 | 1000 | 0.053 |
Price($) | Vol. | No. |
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