time for a retrace?, page-6

re: technicals The close today has left a doji star sitting slap on the rising 161.8% resistance at $1.80.

Pending confirmation tomorrow (and the stock is also showing strongly overbought) it is likely that VCR would now gap down to test supports at $1.59, $1.43, $1.30 and $1.17.

An eventual trip to $1.17 would provide a solid consolidation for the next move up but as always could take a month or so to be met.

See whether VCR has enough buying support to move through the doji and $1.80 resistance first tomorrow.

Cheers,