break beyond bol bands - possible retracemen ?

Morning all.

Yesterday put the entire day's trade way outside the bol bands.

Even with the pre-open build this morning at 1.5, I think in the absence of an announcement, we will see an inevitable retrace to 1.3, maybe even 1.2 today...

This is not a bad thing, as a slow and steady rise has a much better chance of holding it's ground than an erratic one.

certainly the moving averages look good, but the combination of the bol bands and the stochastic makes me think 1.3

There would also appear to be significant resistance at 1.2 so this may well be our new support line.

The next level of interest is around 1.8/1.9 so if we do have a further run that's probably where it's headed.

Of course anything can and does happen. This is an awesome stock with huge potential I believe. also a very hard one to read on a chart so would welcome any input.

redtigerinc, i know you are probably watching... what's your take on today?

regards livelife