Chart, page-7642

Hi Life,

Not a lot to post at the moment chartwise........in reality price has been moving sideways for some time building a base before we get the next move, which will hopefully be higher on IC news or some other contract news.

The sideways actions shows that buyers see value here and sellers have grown impatient.

I dont expect the recent lows to break unless IC is cancelled or some other contract failure.
So for now, and until we get news, the price will continue its sideways action.

There is support bewteen 17c & 20c and there is resistance at approx 25c, then strong at 30/30.5c.

The sideways action is positive for the weekly chart, with some indicators starting to move to neutral from sell.

imho