chart observations , page-28

More great TA guys, interesting to see how it plays out today.

erichmj, re your most recent chart,

I notice it was looking to head up a few days back but a couple of days ago when we had a big down day it was sold back down to .02 and even touched .019 so no doubt market sentiment may still have influence over where we go, that is reflected in the MACD deviating back down just as it looked like crossing....if anything it means more supply (which was readily picked up might I add). Would that be a fair assumption?

Hopefully the fundamentals that are being cemented in by these first 2 drills and the production from them means that the market is lapping up this supply on down days knowing full well (excuse the pun) that there is plenty of upside to come.

Exciting days ahead, hopefully some news today or tomorrow on how the 2nd well is coming along, I hope the results are in line with the log results of 14/11/12 ann, looking very promising from that perspective.

Keep up the great work all T/A posters, much appreciated.

Good luck all