regional driling is nearing, page-3

g'day - thanks for the chart. i agree. i had been watching the uptrend developing on the daily and while i have previously posted that we are in longer term down-trend, i am considering changing my mind.

i am seeing us at the very base of a potential new uptrend at 22-23c, so whether we hold that level or drift sideways/downward is the big question for me. i am still holding off, waiting for another leg down but my conviction is fading. i definitely see the potential for this to move up quickly and out of the downward channel to the 30's as you suggest, however i haven't reconciled the impact of the options expiry yet.