VMM - General Discussion, page-401

I think he views it as the next level of consolidation. What he needs to state is it needs to breach the 1.06/7 levels first. Then 89 c zone is a potential point of support.
no TA can justify a buy signal unless there is a breach of a trend. If 1.06/7 fails and it does make it to 89 c one would need to see it break out of any downtrend as the trend could just continue. As you right say hit 89 c would be a a potential region to exit unless indicators signal otherwise. So far these levels a potential buy due to the consolidation but TA say it’s either a hold or sell unless that down trend from the highs as breached.
now I am not trading this stock and with those monster holes assays due along with updates in metallurgy.