50% fib retracement

First of all I would like to say I am no chartist but have been monitoring TRH for a while and looking to time my entry.

As such I have been looking at the chart and notice that there are a couple of interesting points:

1. TRH has recently completed a 50% Fib Retracement
2. As of last night TRH is pretty much on its support line

If it goes up from here we could see a nice bounce, however there is risk that it breaks below support and tests the next Fib level at around 28.5c.

I would welcome any comments.

Apologies for the crudeness of the graph (MS Paint is not much use for this kind of thing!)