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Kiss The Blade - Tue, 02 Jan 07 :

Looks like we're experiencing a bit od consolidation around this level. Buyers have dried up a little given the huge rise of late, but more importantly, there are very few sellers either.

The 20-day MA is now rising strongly, as is the 50-day MA. 14-day RSI which peaked around 98 before the break, is now back down to a more reasonable 88. Better, but still very high.

Having said this, with few sellers, I can't see this heading down much, and feel that after this period of consolidation, we'll be starting the next leg up which could take us within reach of 10p.




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