Chart, page-434

Looking at the weekly charts, it looks like we may bounce from here. The share price rarely goes under the BB (1.66), and when it does, it usually bounces off over time.

Looking at the Fast stoch.. it looks like we are also turning up as well. All other indicators are slowly turning up very slowly, so we'll need to have patience.

There appears to be a battle royale at $1.70-$1.72, like on Friday and today. Perhaps it's an attempt to stop the gap being reach but given the large amount of shorts already been spent to push to $1.55 last week, its a losing battle as lots of bargain hunters always buys it up when it reaches around $1.60, then $1.66.

It's just a matter of time before shorts lose steam. Hopefully tomorrow we can break $1.72, which will force shorts to cover. Bargain hunters are still floating around.. watching and waiting to buy in.

Daily chart below.. hint of turn around, 2nd day already.. a couple more days like this would be very good.



All indicators are on oversold!