macd histogram, page-27

Melua, If you dont believe in charts then why wait for Haspetes support line? Unless you just wish to mock him? Is that part of calling it how you see it?

FWIW the stock is now on the rising support line that runs back to Oct 2010 low. It has respected this line 4 times before bouncing. When combined with the 10.5c hits you could say the chart is forming another ascending triangle. On the weekly chart this rising trend line intersects the Jan 2010 lows at 1c and the large scale asending triangle become more evident.

Looking oversold on several measures, Im looking to re-enter mid to low 7's once Im happy with the macro backdrop. IMO she'll need to break the 10.5c level on its next attempt otherwise the powerful ascending triangle formation that has been in the making for 18 months is in danger of breaking down.

All IMHO only

Good luck to holders