More than 3 time above average volume seen on this move, what do you think?
From yesterday’s call, have indeed touched out target at 0.500 today, touch only, nothing much. Huge sellers stacked there at the moment now at more than 1m shares. As mentioned we may see some selling pressure as it nears the 0.500. Raise stop loss to protect profits. Can also consider keeping some long positions for a further run up if the 0.500 were to clear eventually… A new target to 0.60 then 0.80 possibly, we don’t know, just ride and let the market decide our profits, protect it along the way… J
Has touched our first target at 0.46, seems to be heading towards our 0.500 next target. We may see some selling pressure near there before more upside. Support would be at 0.44 – 0.45 for now. More upside above for now.. raise stop loss to protect profits… Uptrend can continue on a further move above 0.500.