Chart from Market scan's hope he doesn't mind me using it,
as it shows were the last red candle before the rise in SP at 12c on the 4/8 to the high of 17c on the 15/8, today it re tested the 12c, and bounced off to finish at 13c, very good from a TA perspective imo.
it may or may not try to re test 12c in the coming days or continue to move upward, any decent announcement will fast track the SP to 17c imo. but slow and steady is best to avoid it being over brought and sold down again.
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[IMG] Chart from Market scan's hope he doesn't mind me using it,...
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1 | 10000 | 0.071 |
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