HI FOLKS,
the spinning top can imply indecision and could all so indicated a reversal candle,
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlesticks_and_sup
but unless there's an announcement i don't think this will come about,
the second possibility,
and the most likely IMHO is that more downside will be with us today,
and i believe that $0.330 is very possibly the very lowest it will go,
in order to achieve the low of $0.330 it has several support areas that it needs to break through first,
weather this will happen or not remains to be seen,
these resistance areas being the $0.350
then we have $0.340 then $0.330,
i would all so expect the share price to bounce once the low of $0.330 has been achieved,
it will all so need to hang in this area ($0.330)for a few hours as well.
(the time frame it a T/A thing for the indicators)
i will even go as far and call today's closing price could be around the $0.350/355 area
all so as you can see the stochastic has a support area as well,
and when/if $0.330 is achieved then the stochastic support could/should come into play as well,
all up folks we could have a very interesting day today.
P/S I HOLD
cheers![]()
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