Hi friends,Further to the discussion raised by Macleod22, here...

Hi friends,

Further to the discussion raised by Macleod22, here is a chart to show the short term and intermediate term swings mentioned in my previous post:



1. Short term - we are nearing the convergence point of the gann angles where there is resistance, and have hit the outer upper envelope of the stock in terms of price bars. This traditionally represents a point of exit for short term swing traders who will take profits, as the convergence point is reached at 0.10 ( this is the trade offering a potential to risk of 0.6 to 1 which is not considered low risk except for the nimble swing trader)

2. intermediate term - note the targeted 5th wave (impulse) of the elliot 5 wave pattern. Only the first 5th wave target at 0.11 has been marked with the 2nd 5th wave target at 0.14 cents. Obviously this can only happen after the 0.10 resistance offered by the gann angle convergence is taken out...and this is the trade that offers approx 56.6% profit.

I've added the traditional classical technical indicators that almost everyone is familar with - the adx, macd and the stochastics to show the extent of the move so far, so there isn't any need for me to comment.

Hope this chart will be of some use.

dascore