Hi Vulture, yes I agree with your $0.165 support for next week. Another dip down to $0.185 would not hurt the weekly trend rise but what is concerning is that after only two days into this week I see the early signs of a divergence forming on my weekly chart. That would disappear though if we get any sort of rally from here.
Yesterdays action was interesting, there were only 4 trades before lunch & only about 10k volume, I actually thought we may have got the update I had predicted but sadly it didn't happen.
The daily chart looks to be sitting on support at the $0.195 level so we may see & kick up to $0.205 again today.
I am still looking for the push back up to the previous highs which would confirm any chart pattern breakouts & that the up trend will continue. If the market believes that an update is still coming soon then I would expect the uptrend to start again after this retracement.
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