Hi all, its been a while since anyone updated this...

Hi all, its been a while since anyone updated this thread.

Unfortunately, there isn't a lot to really like about the charts right now.

We have pretty clearly broken away from the uptrend that began early August and ran through until mid/late September. Mid October was the key time, where we went back to the 0.618 fib line. A bounce off that with some volume would have been exciting, instead we went though a period of very flat trading mid-late October and then we broke through the support line at 25c. From there, its fallen increasingly away from that trading zone and is now floating about in no mans land really below the 0.618 set from Early August to Late Sept.

In the absence of anything to change sentiment, I'd not be surprised to see us retest the yearly low that marked the beginning of the August uptrend.

As always, charts are speculative and nothing is set in stone.