Got to disagree with the prophet when he says VCR is in a long term downtrend.He must be blind.
Madmac, you are right when you say its hard to pick support,but......
From its low of 60 cents in late june vcr jumped 50% in 2 weeks.
That was the first wave up.
Then it consolidated for 5 months.
Then in the middle of december it jumped another 50% in 2 weeks also.
That was the second wave up.
Both times it bounced off an upward trend line.
I'm hoping the 2 highs in april and december are the new support...93 cents.
If not 87 cents resistance will be the next bounce up.
And i expect that to be a 50% rise.....which equates to $1.30 sp.
Thats what i see anyway....hope i'm right cause i bought more today.
So...looking for wave 3.
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heres my spin on things
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