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SLE daily 03/07/13

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Previous support was bound to cause a bounce but news came to give it a boost. The key to this one now are those two levels - the 4.6/7p support and the 7.68p resistance.

Look to the RSI to give an early clue for an upside breakout - if it breaks its trendline before the price does then price should follow. Then there's the 8.425p level to break.

Either way, it's going to have to make a breakout in the coming weeks and room between the horizontal support and downtrend resistance has limited time left.
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Guest Monday, 19 November 2018