Hi Soccer,
Yep the various cheeses and ciders were great, came home with sooo much food, lol, that blue cheese just stinks like bad socks but it tastes fantastic
Lost about 5kgs on the hike and put it all back on in the Coal Valley region before we left. Already planning our next adventure, possibly the Walls of Jerusalem Nat. Park.
Not sure what AHZ is up to as it had a great move up however it found that supply above which quickly drew it back to the bottom of its range, keeping a watch to see how it behaves from here, could be on the nose, or is that just what they want us to think?
I had a look at MYX and tried to get some bearings on it, appears to have been under distribution since at least mid 2016, I've labelled this in white, and the following breakdown appears to have stopped with that Selling Climax around Dec. The following range I've labelled in yellow is so far inconclusive whether it's redistribution or accumulation however having distribution behind it should lend some weakness.. The only hints I get in this TR at the moment are recent weakness, upthrust followed by 2 lower highs and soon to be 2 lower lows, but still inside the range of that SCX strength. Only other thing hinting at redistribution to me is that trading appears high in the TR whereas I'd expect accumulators to push price lower in the range, however this could also be simply strength holding it up, time will tell. If this is accumulation I'd expect price to rally strongly from any break or test of that SCX support line, shouldn't be too far away.
Could be just pissing in the wind but on the accumulation side going forward $1.06 seems like a nice place for a Terminal Shakeout, just breaks the current range but still has that old support just below, could be a nice place for a trade on the rally back into the range with a stop at $1.05.
Interested to hear Jakos take on it.
Cheers HF
