RE: Up we go the rockets ignited3 Feb 2023 22:16
Positive few days bouncing off the fibs as supports.
Until it hit .786fib resistance 51p and returned to .47.95p support which held.
Watching to see if it double tops at the fib 51p or breaks to test the 200ma 53.29p resistance.
Then 56.66p resistance next resistance target.
Consolidation at 47.95p to 51p for a few sessions would strengthen the position for it to move higher.
Rsi, Macd and Aroon direction are all positive.
If 47.95p support fails the 9ma support is moving up to catch the price.
Shorts increasing could spoil the party.
Its all down to price action from here. 50p is a psychological barrier for sure.
Have a good weekend all.
GLA!