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Hi thegismo,

I was reading about the basics of TA the other day (I'm no expert). But this is what I found:

When the price is going down, if there is strong support, it will stop going down. If the price is going up, resistance will stop it going up.

The more often a support/resistance level is "tested" (touched and bounced off by price), the more significance given to that specific level.

If a price breaks past a support level, that support level often becomes a new resistance level. The opposite is true as well, if price breaks a resistance level, it will often find support at that level in the future.

This is on topic

Have faith and hold... when I spoke to the MD he said news is coming steadily over the next 1 or 2 weeks.... that was just over a week ago, so news should be any day now. Wouldn't be suprised if we have a TH tomorrow for announcement before market on Mon/Tues.

But remember the golden rule: EVERYTHING is late!

Happy to hold, and if there's a pull back I'll be getting more.

Goodluck