I thought todays price action was extremely positive and most...

I thought todays price action was extremely positive and most positive price action we have seen for some time given the lack of news.. goes to show that the larger players are still accumulating.

1. Price held support @.10 after effort to break it down ( did not violate support)

2. Volume was moderatley high ( indicating that some panicky sellers dumping

3. All stock that was offered at support was mopped up

4. Supply dried up at 10... price moved up to close at 12

5. The relationship between the closing price and volume ( very large effort by sellers to drive price down and very little reward only to close flat. Look and compare volume and close on 8th Jan.

Todays news was a perfect catalyst to accumulate from the weak hands.. next couple days price action should be interesting given todays potential spring/ shakeout.

todays price action would habe strenghtend your bullish view that it is still undergoing reaccumulation. On a risk reward basis one could place an entry here with a stop under todays low. Imo