Thanks Vendor. I agree with you that the upward trend in terms of Macd and Fractal indicators is not yet broken. As you say there has been a retrace and like you even though I havent yet bought I hope it holds above 3c as my reli has a heap of stock. Further if it holds I will also buy.
There are however some bearish signals such as the 14-day RSI has fallen below 70 being a bearish sign. Other momentum indicators also show this. So for me the proof will be in the pudding. I can afford to wait a bit to check whether we have a consolidation type support base that holds around the 3c mark.
cheers
ZRL Price at posting:
3.1¢ Sentiment: Hold Disclosure: Not Held