another attempt at ta, page-2

CJ, I pretty much agree with your reading.

Back in July 2011 there was a zone of support / resistance between 0.040 and 0.045 which EHR is into now. I would expect some consolidation to take place here, and that appears to be occuring. While a few sellers are lining up, decent buyers keep stepping up to the mark. If the buyers retreat, then I can see some minor support around 0.035.

Once EHR is through 0.045 it could meet solid resistance around 0.05. In nov 2010 and jan 2011, this level offered resistance for a few months, and then in april - may 2011 it acted as support for a while. (Perhaps an even bigger hurdle will be 0.05 t0 0.06.) However, I think it is more likely that EHR will power through these levels because the fundamental situation has changed / improved.

All just MHO of course, and I could well be wrong (again).