possible entry price - musashi -, page-16

Previous Analysis.

"It's been at 10 cents and bounced off. That's a good sign. But any failure to hold 10 cents could see a further retrace and 4.5 is a likely target. Keep in mind that this has stayed inside that error channel with no deviation for close to 6 months. The drop from 0.27 to 0.09 was 18 cents. To reach 4.5 it is only a drop of 6 cents. So yes Bassy at this stage without further confirmation of the downtrend breaking. 4.5 is a realistic target."

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Updated Analysis.

The downward move was halted on some positive news. Then we saw the upward move halted at the top line of the Error Channel. At present it's making higher highs and higher lows. Small increases. But at least they are increases. What I'm looking for at present is continued movement and a confirmed break of that upper error channel line and a break of resistance at 0.125.