My chart shows it breaking the trend line at 1.45 ... but 'tis a matter of degrees over this length of time
Either way, I would have thought from this level that we may just get a single drop back to the trend line confirming resistance ... that will shake out the low buyers who want to take profit (or abandon ship!), before a good run with no obstacles until we hit the next group from 1.75 up.
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Most indicators are starting to show over-brought ... so a small retrace will bring those back as well. Money flow is actually positive for the first time in a year, a really good sign that the trend is upwards and strong.
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And last but not least, the price is sitting right under the top Bollinger band ... with the stoch looking over-brought, a little retrace to the trend line and then a lift-off looks like the message.
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It has been a loooooooong wait ... fortunately the dividends have made it less agonising .... but it will be nice to see Thorn get back on top after a savage year.
Good luck, all![]()
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