Some are concerned about the retrace but IMO, they shouldn't worry.
6.5 was the all important number and even though it was on small volume, it was registered nevertheless.
The next number to watch is 5.8. So long as we stay above that, we're fine and in fact the closer we get to it the better, as it suggests that the next run up will be bigger.
Next minor resistance to the upside is at 7.7, followed by 8.4.
After that 19.5 then 34.5 followed by the lovely blue sky, all the way up to mid 50's.
All I hope is this new uptrend is undeniably confirmed with the next break to 7.7.
At the moment, we have the appealing "saucer". All chartists will have it on their radar with buy finger poised. All we need is that sniff of good news to kick start the rush.
Gottagetagoodquarterly...
VMT Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
