chartists opinion, page-2

barney

there's no clear trend here atm.

the price is oscillating in a broad channel, roughly between 30 and 50c.

withi that range there would be trading opportunities:

at the moment the price is just above the long term 100 day moving average and this also coincides with the 50% fibonacci support. however there is some resistance at 42c. If the price were to break above that on strong volume then there could be a trade up to the next resistance level at 50c.

the other possibility is a pullback to lower support levels at .365, in which case a bounce trade from there is an option.

cheers