Ok,
Well this morning we have seen a bit of buying pushing the price to 8.6c , a few day traders possibly thinking there may be a run early and lock in a few profits. Also some traders that go in on Friday could of taken some profits as well.
Overal the ASX is flat and we have seen a retrace back to 8.1c but its seems to be holding well. I believe there are still a lot of people on the sidelines waiting for a furthur retrace but I feel 8c/8.1 is holding well and we should see a price rise from here.
It kind of feels like Friday's action the buying has stopped, but I do believe today we will finish around 8.3 /8.4.
We could smash thorough that if a few big buyers enter I believe 8.5c and higher is highly possible in the next few days.
I am hoping we can push closer to 9c by Friday
All IMO
Good Luck All
James
todays price action
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