I am no chartist , but just re looking AT THE the chart dazed...

I am no chartist , but just re looking AT THE the chart dazed and confused put up .

What is the view Based on tonight's close on fair volume at the .08c level .

I can read the chart in 2 ways

1.

.08c was the expected short term target and now this has been fulfilled does it become resistance , so a time to take short term trading profits ?


Or

2.

The rebound back to .08c is confirmation of the break out of the weekly downtrend , that started in March when the stock could not hold 10c ?

Opinions appreciated