@RogueCleaner, do you think it is going to break and run, or go back down to support :)
RogueCleaner
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@Angusmck, I dunno, i have no crystal ball.. tho $1.21 is a strong resistance level... so most likely it will retrace.. but if it can break out of the range. it will move high fast. its already had a spike in price so i expect more range bound trading to flush out all the weak hands.
@JLKnight, looks like it is back at a support area. Id probably put a stop a bit below where it is in case I want to get out.
JLKnight
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@Angusmck, buy in price was $.99 could take profits and buy back in but wondering if this is where it bottoms out
zAngus
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@JLKnight, thats the trick isnt is. If it fell below say $1.10 then it might keep going. Right now Id be hoping for a bounce. I dont hold at the moment though. RSI at a really good value area so would be surprised it if went lower. Looking at commsec trades though there are 44 buyers for 1,707,200 units vs 53 sellers for 3,385,725 units so the push is potentially on the sell side but the short term weight is on the buy side if you look at the top buyers vs the top sellers :)