After watching the trading for a few days, my thoughts turn to this ugly 35cent level
What do you think it will take to break this level, it just looks so daunting, and short sellers keep adding, and the mind games being played.... false bids being added, removed, tempting buyers to go a level higher. but after some time there is no buying there is just selling at the 34.5 level
There has been considerable short selling, at what point are the institutions going to start covering up? The market has been pretty strong over the past few days.
Another observation seems to me that new support has been established at 34cents. Which is a good sign, from a weekly candlestick chart, this is about right
Slowly, let this move up!!
ARI Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held