Hey Slick, I'm still feeling quite positive about my position...

Hey Slick, I'm still feeling quite positive about my position here

Obviously the most important thing going on at the moment is the SPP which closes on Wed, shares issued on Fri. the outcome of this will be very important


On my daily chart the 8ema (blue) and 20ema (grey) look to be the most significant ones atm, the last 4 sessions has seen the price jump above the 8 and is currently support, the 20 has been resistance. We're sitting in the top half of the BB now MACD still positive. I've put the rang between 3.6 and 3.2 as there have been candle bodies in this range


Looking at volume on the daily, Tues gave us the biggest volume day since the big bull run just over a year ago. Resistance at 3.7 (cap raise price)

It was a red candle day so you could say it was sold down, however, on my 5min chart it looks like the bulk of that went through at 3.6 - 3.7


Looking at the 3 8 trap, the 3 is back above the 8, tested support and bounced off. Candles are back on top


On my 1hr chart looking at the 200s and 50s. The 200sma has been above the 200ema but has just made contact at the end. I would like to see the ema cross back over and point upwards, that would indicate a significant move, they could however just start to twirl together. I do like that the 50ema bounced off the 50sma (circled)


So all in all I'm feeling good about it all. It is an important week coming up, perhaps the games will continue through the week and into next week, depending on the outcome of the SPP and the intentions of the buyers in regards to heads and options...

GLAH