weekend charting easter, page-62

I reckon JPR may see 6c yet. The volume is dropping off nicely but it's well and truelly still just drifting down. As you say Haspete, 6.5c should have pretty good support but I just think it will drift a bit lower perhaps to the 68% fib and 6c being a nice round number.

All of the indicators except for stochastics are pointing down. Given how sharply it was sold off recently and how far in the dirt Acc/Dis is, it looks more like this little uptrend is failing. MACD histogram has just turned down and histograms are actually declining faster each day.

RSI is still channeling down and would want to see a break out here for confirmation. Its currently on the lower band of the channel so we may see a small bounce here but its got some work to do before it convinces me.

The only real hint I can see that this may turn convincingly is the lack of volume. The next few days should show a clearer picture. Buying a break of 7c from here makes a lot of sense IMO as long as the volume was there.

Its always a little tricky too when there is a trading hault in the recent chart action. It needs to find a balance again, but remember, stocks dont need volume to keep falling.