All in a day's work

There has been much hype over this counter the last closing. Moving it's way to top Movers and closed really well. It's impressive but is that all a smoke screen?

I see this movement as a pretty tricky movement as I do not know about any news on this counter yet. Double bottome formation can only be completed when it closes the gap at 1.24 which has been tested unsuccessfully.

I would see 1.03-1.04 as a price of support of the counter when when it drops to this price when the major markets are not showing makor weakness, I MAY ENTER. Note the MAY. 0.95 is thus the last price to break. Anything below may test the tweezers, which is not positive.

Interestingly to note also is how much similar volume can differ. Earlier December., there was also a day when there was significant buying but prices did not move so much. Is this over speculated on Friday? I'm not sure, only to be known in the coming few days.

However, one positive note is that the latest closing broke the resistance line created since Oct successfully and convincingly. However, imo, TA is not absolute and it depends on all too many factors, that's why is unorthodox and not thought in school.

Hopefully, those who had bought this counter has already exited their positions. Monday may not be good, following the closing on Uncle DJ last closing.