Its all about Volume and Price and we dont have volume...
The average punter paid 14c in the past month and thats why this is narrowing as the point of technical procrastination.
125 is the support and 16 the resistance.. the last attack at the resistance required 3.9 times the average volume on feb 15 and that failed....
We can show a current bullish MACD Buy Trigger but that is only half the story..the lower charts show no volatility/momentum and thats because there is no volume driving it...
The longer the accumulation the bigger the break and thats what the bollingers tell us....which way it will break depends on you fundamentalists...lol
chart, page-32
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