ssn chart - feb 2012, page-14

Hi all,

Good to see green today. Expected it to be at 11c at the very least due to the US activity last Friday.

From the chart I have, a close at 11c or 11.5c would mean the price is sitting above the upper bollinger band.Is this significant? I'm guessing it would need confirmation as a breakout but still a good sign that it has moved away from the lower bollinger band and above the 30 day moving average??

I'm learning technical analysis so any discussion on the indicators etc regarding the potential closing price today and upcoming week would be appreciated.

Thanks Techies!