Forgive me here Im having a rare moment of clarity!!
Based on the assumption that the breakout is in full swing(as the Med term pattern and all current trend following indicators also sugest)with a eventual target of $1.20
we are currently within a trend chanel.and can look to the boundries of it here for support/resistance(using BBs extreems for confirmation as well) until these boundaries are breached in which case a"best fit" moving average of 12 days should provide an idea of support.beyond that we would be in a retracement/consolidation phase and use other volatility based methods.
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comdek limited.
heres were were at
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