INR chart thread, page-362

You could be right.
All I know for now is that 32.5 cents is the current bottom of the trading price channel which I've had set on my charts for the last couple of months.

So technically speaking 32.5 cents should gain a lot of support and may present as the technically suitable buy price.
If it goes under that we will need to revise the medium term trend itself.
And to do that accurately we'd need to see another month of trading before we can find a reliable support line, for the current conditions.

So in conclusion, if we do fall under 32.5c, between now and September is going to represent a little bit of a no mans land, on the surface that is.

However under the surface, the risk for anyone that holds out buying thru the Ni mans land period is that a welcome announcement arrives from the company before September.
Therfore the next few months present as perfect conditions for investors to be caught out by a nice surprise announcement...quite a risk.