I like your thoughts, but personally I reckon it's a safer play to ensure that 56c will hold. Sure, I'll miss out on the first few cents above 56c, but to me, that's the way to go. If it falls through 56c, the game changes and we need to find the next support level.
You could be spot-on, but I like confirmation before relying on a technical support level.
A push above around 58c on good volume would be my trigger to re-enter.
JML Price at posting:
56.0¢ Sentiment: None Disclosure: Not Held
