This is already the largest volume day since I bought my first small parcel in April, and the day is only half done. Very solid buying. There is resistance on the chart at 4.6 but it has held that level since the morning. No rapid rejection from a resistance level is often a good sign that the resitance will be broken. I have mentioned before that I thought it was a matter of time before the shallow uptrend formed just above the long term trend line over the last few months would be broken and we would see a steeper uptrend form more typical of the steeper uptrends for this stock looking at each of the last 3 years. Hopefully we are seeing that change now. Those selling today in the hope to buy back marginally lower may miss the big move. The next few days may reveal all. The chart does not show todays price or volume.
ABU Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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