re: hi extralite chart's just for you//in detail
okay extralite,
exactly the same chart,there is only one differance,one is expanded more then the other one.
you need to look at the down ward trend line,which has been broken on volume,and the bottom support is at $0.011 cent's,and the price has closed above the 50 day moveing adverage with the increase in the volume [big plus],the macad hitogram is riseing above zero[ a plus],the momentum is riseing[a plus],the rsi is rising[ a plus,the money flow indecator is peaking [a plus],the stochastic has enought movement left in it to take the price to $0.016 which is a ressistance point then possibly drop back to the first support of $0.013 cent's or even $0.012,the ADX14 is riseing but has not got above 25 at this stage and has not triggered a buy signal,the +DI-14 is above the 25 mark and riseing the higher it go's the better in my view,and the bollinger ban's are expanding,
what does all of the above mean ? it's all bullish for the medium term,the short term is nutural at this stage but should go bullish when the price range break's through the $0.016 ressistance,and the long term is bearish at the moment as well,
all of this is based on the daily chart's only,
the weekly and the monthly chart's are looking fairly good as well,
