technical, page-3

thanks for that. my guess is that the accumulator down in the teens is selling. it makes sense, this level represents a nice profit from the 18-20c level and a lot of shares could have been accumulated down there.

it makes sense that they would pick this level to distribute their shares because if they let it run any higher, there would also be possible selling pressure from 30c cap raising holders that want out. so i think its smart to accumulate say at an average of 20c and then distribute at an average of say 25c and leave all the sophs still out of the picture.

question is how many more does the seller have and is there enough demand to take it all and get us higher?? all part of the fun!

agreed too, would never make decisions on TA but it sure helps time entries and put price movements into a longer-term perspective.