JL, a bearish chart? On what time frame. Maybe I've missed something.
I can count 10 separate touches on a daily chart between 29-31c since Oct 2008. On each occasion its bounced. On that basis alone the risk reward for me is skewed towards the upside. That ignores any of the other indicators I use eg daily STO crossing over for a buy that are signaling its time to enter long again.
But if it breaks this long standing trend I'll get stopped out.
I wish every trade I entered had this level of support and precedent.
at the bottom of the long term trading range, page-33
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $58.43M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.5¢ | 20.0¢ | $48.85K | 244.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 37179 | 2 |
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