Hi all,Despite the nice spike up to 28.0 cents late morning,...

Hi all,

Despite the nice spike up to 28.0 cents late morning, price has failed to close today above the 25.5 level which marks the top, horizontal line of the ascending triangle we have been discussing yesterday and today, and for me, that does not constitute a genuine breakout.

On the positive side, today's action shows that price is ready to move and it also provides an early indication of the strength with which it could move up once a genuine breakout occurs. For those who have faith in DMA but missed the opportunity to top up before this morning's spike up, you now have a second chance to grab some at current levels.

Not all ascending triangles result in stong breakouts, but I still feel this one will treat us well during this week.

Regards,
Bones