Back at 12c yet again, now the 4th time to test this area....

Back at 12c yet again, now the 4th time to test this area. Suspected there was strong support in this region and appears thats exactly what we we have here... But POK can not go on testing this area for ever without it weakening the resolve of the buyers at 12c... and the Sellers look a bit more determined this time. As I prev mentioned there is a void below 12c in term of support and a mass of potential sellers above to eat through (12-22c)... My view is that this is still a low probability of success for a short term trade but of course high probability if you want to hold longer term.. If it does break below 12c then I expect many stops to be fired taking it down quickly ... Presenting a potential higher probability of success for a ST trade ...Support areas are weakish below 12c but appear to be at 9c and 7.6c region.

GLTA holders but you will need to be vigilant IMHO.