Huge rise and retrace which I've documented a number of times previously.
The floor looks set with a triple bottom formation which gives us the familiar "W" set-up.
In terms of resistance the price is now operating just under the 50DMA and upper bound of trend resistance on the daily chart.
I think if this breaks then the Bulls are more than likely back in control and we will see a share price well into the 20's again.
The floor looks set with a triple bottom formation which gives us the familiar "W" set-up.
In terms of resistance the price is now operating just under the 50DMA and upper bound of trend resistance on the daily chart.
I think if this breaks then the Bulls are more than likely back in control and we will see a share price well into the 20's again.