chart, page-2

Good chart work. I'll add to that with volume being very low during this week as being significant, as the price has hit a wall. Why? Simply because sellers are not interested in selling below the consolidation level - it's not until the 12 is broken that a stream of sellers will rush in, which will satisfy the many buyers. Many chartists use this as a safe entry point, which would have been 11 cents with a 10.5 stop. This small margin for a stop level minimises the damage if the stock reverses, whilst being close enough to resistance to win if it gets broken.