Prices are retesting their June high. Volume has expanded and quarterly momentum has turned up from its equilibrium line. Directional movement indicators are positively placed and 21-day RSI has moved up, off a mildly oversold level.
At 68.5 cents, prices have actually made a new one-year high, which constitutes a breakout. Whether this can be sustained remains to be seen. The breakout indicates a target of 80 cents. The stop-loss level is at 60 cents, below which the breakout fails.
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