breakout, page-10

I dont know why that 600k sell order would be placed at 79cents... its a level that is very meaningless looking at the chart...

ie. in August and October last year we made a double bottom at 70 cents and bounced off both times before falling thru that support level in January.

the key Elliot wave/ Fibbonacci retracement levels of resistance from last years high of 1.73 to the recent low of 0.40 are now 0.90, 1.06, 1.22 ( the 38.2%, 50% and 61.8 % retracement levels respectively)

in addition the 200 day moving average is at 0.98 which may also offer resistance first time back ...

So its either a fake sell order or it will be bought out very easily and the price will get a fair bit higher before it meets real resistance... so nice of that seller to leave a bit on the table for others, but nicer and alot smarter if he moved his order altogether !!!