One should have anticipated a retort -albeit one which is both exagerrated and incorrect as nowhere does my chart suggest range of between 87 cents and $2.22- that is simply ludicrous IMO.
My chart quite succinctly offers parallel lines to suggest the channels it has been, and is currently is trading within...quite simply a chart which embodies simplicity in both design and construction.
For what it is worth I would suggest that support possibly rests at around $1.38 following the red horizontal line from Sept to March.However, I am not Nostradamus and no one truly knows what will happen. I do however stand by my believe that it is currently trending within the confines of this latest set of parallel lines.
New TA/Charting, page-11783
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