people who don't believe in charts for small caps should look at the chart. solid buying the last few days. price gets to the resistance level (8.25) and pulls back to the support (7.75) and buys then start again. + mm play with the spread so that buys look like sells.
the profile of cen has been raised in the last few days. i therefore think that the sp has greater support now and people perceive anything less than the psychological 8p level a bargin.
given that we have Christmas ahead i'm not sure what will happen short term but expect a breakout in the not too distant future.
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