Contel has been trading below the 0.076 immediate resistance for slightly more than a month, has seen quite a convincing breakout today on TOP VOLUME currently. We can see that at this level it has also broken above the Symmetrical Triangle formation which can signal a change in trend to upwards in the near term. Target to 0.09 first then 0.100. A short term speculative play with strict stop loss. A break above 0.08 can strengthen the BUY call if it manages to stay above for a few days.
Stop loss at 0.074
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