raks chart, page-12

Just a repeat of the chart .keeping the old thread together
the opening "irrational" exuberance today is just that there wasnt a driving announcement..but recent rise from .031 in a month and recent price props do leave a little stink of day trader manipulation.
The worry now is that most announcements are anticipated and its often a good time to buy the rumour ,sell the fact(due very shortly)..
This now has a double failed high at 051 and naturally has sellers at this previous resistance level...todays vwap is .05 and means its likely to accumulate further after the small profit retrace and Gap back fill...
close watch...
Phew what a silly rave
anyway I think it will hold now and needs to close above 48
to reduce the bearish shadow and maintain the medium term bullish trend
I have 047 as a tight trailing stop..

Sorry Rak water pump has just burned out playing with impellers and avoiding the plumber call out is keeping me a little stinky and frantic.