nice big bite, page-9

coolstocks
if you are going to put the numbers out there perhaps you coild have supported your view then you may not have been done for ramping or better still not got toud by another reader.

Due to to downward channel, as shown on previous charts, this may well get back to 19 cents. if it does reach that level resistance wont be far behind. That is why i alluded to the daily chart looking ok in the short term but for the trend to firm up on the weekly it needs to break out of this downward channel that it is in.

Each high has continually got lower but it is possiblethat 19 may be reached without a break of the channel.

There is still however longer term downward pressure on the price and given that pressure this may end up back below 10cents again.
Technically, it needs to break through the upper trend lineof the descending channel to show longer term strength.

for now she is looking ok!!!

Cheers