Haven't been watching the trading pattern MPV. The recent addition to the ASX200 would be one reason for the increased accumulation I guess. As you suggest, needs to break through 82c and this is a fair possibility. In a reasonable market this would be more certain.
Patience required, and provided nothing nasty occurs, the tea leaves are positive. An ascending triangle has been forming over the past year and highlights the need for the break through 82c. I would be watching for any breakdown from this formation too.
Sorry, I know I have told you nothing new!!.
IBA Price at posting:
72.5¢ Sentiment: ST Buy Disclosure: Held
