Storm has been capped by this resistance every time it has tried to break through over the past 9-10 months.
A break though here could be just what it needs to bring new money to the table.
The consolidation has been lengthy so if it takes off, you'll know about it.
I'd like to see a daily close above the upper line before getting carried away as historically there has been a solid rejection from this level.
(We have seen a couple of days closing above the lower previous resistance levels and the 200 SMA is finally a consideration as it drags the price up towards it.
Definitely worth keeping an eye on.
Thoughts and feedback welcomed.
Bingaz.
A break though here could be just what it needs to bring new money to the table.
The consolidation has been lengthy so if it takes off, you'll know about it.
I'd like to see a daily close above the upper line before getting carried away as historically there has been a solid rejection from this level.
(We have seen a couple of days closing above the lower previous resistance levels and the 200 SMA is finally a consideration as it drags the price up towards it.
Definitely worth keeping an eye on.
Thoughts and feedback welcomed.
Bingaz.
