chart chat

interesting pattern forming

descending triangle base at 5.1c

it is however getting very oversold so a bounce off this previous low is possible

as previously outlined it has presented with higher highs higher lows and last time a rise occurred it obviously was too early and stops were obviously breached.

confirmation of a rise is difficult and thats why stops must be adhered to.

I am now buying at close if the stock closes higher than the previous day...so maybe a few days away.

the stop is now at 5.1c which is the base of the descending triangle

if on the other hand it goes down thru 5.1c it could go down alot more !!!!

so , a risky trade but the upside is enormous...traders stock now ...volatility is very high and on balance volume significantly reduced suggesting alot of people have dumped this in the last week or so.

goodluck all.