I like the look of the chart now. Today saw the sp hit the ML of the fork and also a previous resistance line before pulling back below the trend line I had marked as a potential resistance.
We also had the retest of the breakout point ( the days low) and rebound from that.
OK so now we have established a resistance and a support level.
The top of the box I have drawn at $0.089 which is also the rising trend line resistance. The low of the range box and the breakout point at $0.081.
A couple of things to watch now are the stoch. That is at the top of its range and turning down. We will probably see that cross tomorrow possibly signaling retracement of the sp again.
Another thing I will be watching is to see if the sp retraces back to the lower MLH of the fork. If it fails to get back down there that will be a positive sign and should result in the sp breaking the ML next time.
The MACD is moving back toward its mov avg but that is rising from below zero and is also a positive sign.
So after the updates and the AGM have been assimilated what can we expect to see.
There is the potential that we will see a retracement down to the MLH and the base of the box as the mm and or the shorter continues accumulating and I think that will be attempted first given the state of the indicators and the apparent rejection of the high as indicated by the volume. The selling volume is a false indicator though imo.
I believe that at the next retest of the rising trend & the top of the box at $0.089that will be broken at the next attempt.
The photo of the P3 prototype in todays presentation is also very interesting.
It looks like another variant of the one in the last update.![]()
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