Talyyup

 

There was a large build up of bids at the .30 cent point, well over 600 lots, before it bounced back up to .305. The support seems to be well backed at .30 with no shortage of investors willing to add at this level so I would not expect to see any kind of a rout at this point.

 

Conversely, I suspect that the stress is more weigthed to those wanting to enter, before any more positive news releases but reluctant to pay the ask given that December lows. Given that we have nothing but  solid green on the board of technical indictors, the only ones selling right now seem to be the automated computers of a hand full of day/swing traders trading amongst themselves.