Yep I agree
It did look a little threatening for a week or two back in early June.
But the downside never gained any traction when it slipped below the previous support @14.34, and actually saw some moderate buying instead (which was sort of confirmed in mid June with a series of upbars in response).
Since then the price action has suggested a period of re-accumulation, and this recent push higher is probably the confirming action.
Weekly
cheers
Hot Copper Charting and Chat, page-38
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4,672.7 |
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| XTL (ASX) Chart |
