Yes, they are a concern, I've no doubt there's plenty of supply still up there as well, which will slow the move, but I'm still interested to watch it develop and see how it performs. It has held up well with very little supply lately, albeit at this level, the pullbacks don't appear to be responding fearfully, price can sit just below its support level with a stacked 'ask' and hold quietly before big bites suddenly remove them. I think it may find greater resistance up around the .40 mark, all just a learning experience for me either way though, cheers![]()
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- Weekly Charting - 8th December 2017
Yes, they are a concern, I've no doubt there's plenty of supply...
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Shanthar Pathmanathan, MD
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