atmot...Several announcements due...and as yesterday proves,...

atmot...

Several announcements due...and as yesterday proves, maybe the odd one from left field.

There may be some truth to what you say, but I am more inclined to believe that technicals have taken over here.

If you ignore the spike as an abberation, the three days either side have seen lower highs and higher lows...effectively forming a very tight flag pattern.

If it doesn't break out from this today, signs are there for it to do so tomorrow...key resistance number here is 28c, which I suspect is why it attracted so much attention earleir today when it appeared to have been breached.

Initial upside target is 31.5c, then 33, 34.5, 40 and 43c...after which, a bit of blue sky creeps in.

We do however have conflicting charts, suggesting any major advance may need to be news driven.

Cheers!