It's not failing from major resistance...
Rather, it's mainly due to the buyers setting their own upper limits.
This is good, as it suggests mainly investors moving in.
I suspect some of the "hits" recently seen at 3.4 and 3.5 were simply traders trying to run the price up...the rest of the buyers, in my opinion, have been investors.
Could well range trade from 3.2 - 3.5 for a while now, while those traders that did enter, exit on t+3 terms...after which, we may see a sustained move through 3.5c.
Might be the last chance to pick up cheap shares in the next few days?
Cheers!
It's not failing from major resistance...Rather, it's mainly due...
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