I’ve been watching this one for some time, as until July last year it was in a constant uptrend. It is fairly thin though.
Looking at it again now, it’s completed a retreat that just touched the 38.2% fib line back in May, and has broken through the down-trend line on reasonable volume. The last two breakout days of trading have had about four times the average daily volume (based on a 100 day EMA).
My trendline plugin for AmiBroker has also just indicated a buy.
I’ll be looking at…
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