The 61.8% fibbonacci retracement of the move down from 10.5c high on May 31st 2011 to the low on 4th/5th Oct 2011 at 5.4c sits at 8.55c
Add to that we have now got a quadrouple top at 8.5c since Dec 2011 which makes it hard to get through that level.
. . . but if it does I am less concerned about what happens around 10.5c this time.
I think the key is 8.5c not 10.5c as I first thought - if we can break through that level then 10.5c will just prove a liquidity point for fresh buyers.
explosive point at 8.5c
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
