RTGood chance this week if not today.people underestimated the...

RT

Good chance this week if not today.

people underestimated the importance of the 22c break. It retested 22c briefly last week and held it strongly. At the moment under 22c is very unlikely IMO in fact my stop is nominally below that price level.

Fridays break of 24c/24.5c is the true blue sky break - and achieved with bullish volume (although a retest of this break will not surprise me). Indicators overcooked on the dailys but if you look at the weeklys they still have potential to go higher - if you look at where they topped out in April 06 (previous high) - much higher than where they are now (i.e. RSI > 90).

Last week we had a single buy of $240K at 24c and another $375K at 25c. Obviously we have been watching a patient entry strategy from someone who now needs to be in.

All looks good.

Cheers