Chart Thread, page-913

@ChinaDragon

I try to keep things as simple as possible. What this chart says to me is that on Friday we broke the daily chart downtrend.

Now, this doesn't mean that we're going straight up, but it does indicate that there is now minimal sell pressure. ie if you wanted out, you're now out.

Look back to similar situation at start of March. we cleared the descending down trend and went sideways for 5 days.

In addition to breaching the downtrend, on friday we got great support from the 20 day ema supporting below and even managed to re-take both the 5 and the 10 day moving average.

All of this is playing out on very low volume.

Bullish for me but still expecting to see movement in a 60c range. (3.55-4.15)