70c Party!, page-147

Here is a chart I did the middle of last week looking for 56c to be low point of the channel before trending back up.

Based on previous swings within the trading range they happen steeply so I would expect any news on US approvals and the ‘marquee customers to be able to push back towards that 94c target reasonably quickly

if you look at the chart the last 4 days since I did this it has bounced off 56c every day late last week 11/12/13. Yesterday touched 57.5 3 times intraday and didn’t revisit 56 leading me to conclude it has had the low point touch in the channel is is now heading back up from here. Also this has all been on reasonably low volume which gives me more confidence still.

many other TA opinions welcome as I have traded on FA only for a long time but have been learning to read charts a lot better the last couple of years, I don’t claim to be a TA guru

DYOR