Charts7 Dec 2022 14:37
Smad wrote this morning "I'm out, no point in being here until this breaks out, at the moment thats around 40 to get above 30 moving average" He wrote that at price 31 and added another comment about basic charting.
Breakouts can come on larger timeframes of course and that is what the majority of us are waiting for but anybody who thinks there was not a major move last Thursday cannot read a chart of toffee. It then retraced to the completely critical level of 31. To have sold here would have been madness and the evidence of this is a 25% move from there - traders who do know what they are doing would have loved the probabilities there. Don't listen to these people.