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  1. Chalea
    2,863 Posts.
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    31/08/08
    21:56
    Post #: 4214845
    Evening Pete,

    I look for the very recent peak & trough to guesstimate the likely retrace, (50%).

    This points to the low $1.20s, (making $1.19 tough also...).
    This is a recent level that's purely resistance, (not support turned resistance), so has more respect from me.

    You could consider the position of the Bollinger band as a target too, (it'll be lower tomorrow).



    IMO, DYOR
    Regards
    Chalea
    AEV Price at posting: 0.0¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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