0.99 cents and understanding teefer, page-55

LaidBackOzi...

Sorry for the delay...have "stuff" on.

Anyway, as I mentioned last night, the refusal of the 9.5c node, even though we got cloe, is on my view as significant as the one we saw on the upside when the stock refused to move through the 39.5c node.

These sorts of refusals more or less book-end major trends, as such, should we trade through the next node at 12.5c, we need only see 2 -3 days above 13c to get confirmation a new intermediate trend has begun.

This will take us to the major trend breakout level, which, assuming a more gradual rise this time, at this stage would likely kick in about 21c in 3-4 weeks time.

Of course a faster rise would mean that number increases...for example, if we were to see a major run this week, the major trend breakout level would be seen around the 24c mark.

A key trigger even for me right now is the 15.5c level, with any trading above here likely to flag the macro major trend breakout levels will be tested.



The nodes still have it!

Cheers!