Only reason that I am posting this chart today is to point out the BRAKOUT . When an instrument in analysis stages a new BREAKOUT with a new 12 month high, that is nothing other than technical strength in Technical Analysis. There are breakouts that also fail which we should all be aware of, but a follow through on today’s bullish behaviour would be the confirmation in the next few trading sessions. Lets wait see if that may be the case with a potential BREAKAWAY GAP tomorrow ?
We had the explosive BREAKOUT after a MULTI YEAR BASING last year and today we are seeing another BREAKOUT after a multi month consolidation. Would this one be as successful as the last ?
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