[tyc] - strong move with volume

See Copper is definetly on the move again on international markets. Closed last night at US $1.407/lb ... so still maintaining its move outside of its previous trading channel. So combined with a RoadShow, a surge in Copper prices and a share price finding a new uptrend ... all looking good.

Yesterday was a pretty strong showing tho', especially given the volume that kicked in (just a tad over 2M shares). To close above 44.5 area gives te share price a new support level and removes quite a bit of resistance. Whilst it is very possible for it to move back and test support ... at the moment we are in that nice gap where it could really romp to 55c area. Another key price target will be 48c .. this being where it reversed back on 3-4/June area. THe longish wick (be it only 1c) suggests the possibility of a brief reversal/cooling off.

For today Id be very surprised to see another gap ... if we do ... then I think it is more than a roadshow and copper price ... and be more inclined to think something else is in the wind and insiders are getting stocked up. Time will tell I guess.