SOR 2.44% 4.2¢ strategic elements limited

technicals, page-8

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    Definitely - there are a couple of things going on here technically with everything remaining robust at 8c or above. So the cup and handle has potential and targets 13c - 14c if it breaks out above 10c - price bounced off the 200 day moving average today and that's a positive as well. The minor bounce off 8c was also off a significant Fibonacci number. So the bullish structures are holding together enough for it to have another go at getting through the 9c - 10c strong supply zone. On the flip side though, any close below 8c weakens the positive argument. Basically I'm bullish whilst 8c holds. E.
 
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