Zat7 Aug 2015 12:28
Kinda! :)
I've been here for a good while mate and been waiting for the upward trend line touch again right here, right now - check it:
http://i.imgur.com/J27fLbi.png
Apol's for the very much work in progress line-fest but it's how I roll - here's the pertinent points:
Upward weekly channel very clear and c4p is the bottom of it now.
Long-term descend parallel channel (double tramlines) all the way down to here with c4.5p the very last resistance point on the chart, right here, right now.
Once it's through there then I have to assume that 7s is a minimum and it could run straight to 12s?
Cracking Fibs too!
33/65p targets are postulated on basis of a descending wedge shape with the thick orange line at the bottom and the parallel long-term descending channel line at the top - this is a very "loose" interpretation of a two-touch wedge shape but it would indeed give >30p breakout past 4.5p if it played out that way :)
Who knows as per but this is in an extraordinarily pivotal position right now and if it beats 4.5p then it could 3x bag in a fortnight ...