Powerful breakout supported by strong buying. Cleared both the gap resistance turned support zone and the 20 days EMA resistance line. Selling was easily absorbed by strong buying across the board as shown by the volume distribution chart below. Immediate green downtrend resistance line will probably be taken out tomorrow and price rally may also clear both the 17 cents resistance line and 50 days EMA resistance line. Red downtrend resistance line near 20 cents and resistance zone 23 to 24.5 cents may cap further price rally before challenging the 200 days EMA resistance line. Immediate support is previous resistance turned support zone 14 to 13 cents. Next support is 11.5 cents. Interesting trading day tomorrow.
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