Cup and Handle Formation, page-115

Hi, The retreat on low volume is a quite predictable move while we are waiting for news. Nothing to be anxious about IMO.

Note that the RSI(9) index has retreated from a value well over 70 (above 70 means the ticker is over bought) To maintain that position would require a stream of excellent news and strong positive sentiment in the market - the move is normal.

Note too that the price action takes the ticker into the middle of the 5% trading bands - it may even go as low as 11c or remotely 10.5 but that would represent an outstanding entry point so should not last long.

From the chart I see a coiled cobra poised to strike - good news and those not yet set get bit.