now what?, page-5

Looking at where supply has been left on the chart above the current price gives some suggestion as to where the potential resistance (sellers) might lie.
Gaps over potential resistance show an interest in encouraging holders who have been showing a loss, to keep holding & not sell.

Firstly, using the Wave chart, which helps to show the 'force' of the buying and selling in waves.

The potential absorbing of supply was what encouraged me to take a position in AUQ, someone was obviously interested, (I initially put it on a watchlist a few months ago, after mo began to post)

The 0.075 level has been gapped over previously, and also gapped back under, with a positive announcement a gap open over 0.075 seems likely.

Between 0.08 - 0.092 there is a congestion zone which 'may' (or may not) contain sellers.

The potential absorption of supply is also shown/explained on the chart, it is a good concept to take onboard.

Back on the 'normal' Daily Chart, there is a potentially strong resistance zone up between 0.17 - 0.205,
whether anyone who bought up here (on the 19 Feb 2013) & continues to hold is unknown, which is why it is 'potential' resistance.
The more that continue to hold from that level (at a loss), the stronger the potential resistance, and vice versa.

Then there is the previous pivot low at 0.11 which should also provide some resistance.

The 0.08 - 0.092 congestion zone is the immediate possible resistance zone and is shaded Orange, with a more minor resistance zone above that in Yellow.

The 0.059 low of the strong upbar on good volume is also marked as a 'line in the sand', it showed the level where if broken, I didn't want continue holding any longer.

With a positive announcement, a gap open into the Orange shaded zone seems likely, possibly then pushing up quickly to encourage any potential sellers to hold.

cheers