After a major area is broken we can expect price to retest that level before advancing which has happened with this stock.
The retest of the area gave price some strength to the upside but then found it difficult to break through the
psychological round number £1.00.
This is not to say that price can not break through £1.00 but right now the buyers appear exhausted.
There may be another attempt at breaking through this level so we just need to wait patiently in case this happens.
The Monthly, Weekly and Daily timeframes all suggest behaviour so just waiting for the right time to enter is important.
We do not want to enter too early, so once price clears the £1.00 round number there will be opportunities to trade this stock.
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