CFRESH : Strongest volume in 13 months, but needs to hold above 5.15 to change the trend

In a medium term basis, a breakout and solid move above 5.15 will place 6.40 to 6.50 as the target, albeit with intial resistance at 5.4-5.5 and again nearer 6

On a VST basis use 4.64 and 4.60 as supports for Friday, and if they hold there is a good chance of a rebound to 4.88-4.90, possibly 5 to 5.15 again.

A close at 5 or better over the next few sessions – and preferably no later than Monday, will add weight to  a breakout scenario >5.15, with 5.4-.5.5 then in sight.

A breakdown below 4.6 places 4.48-4.50 as last ditch support for the move in play now.

 

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