Charting - CI1, page-199

Bounced off decent support at 3c which is the 50% Fib retracement and the 20-day MA. I don't think it will break the 20-day MA and trade below that level in any hurry which was good to see it close yesterday at 3.2c, prior to the last 2days of trading the SP was trading above the 9-Day MA.

Market depth is also indicating good support at 3c.

Since Yozo Ann, the SP broke the current trend and consolidation period and now is forming a new pattern at this new level which can be supported by the volume that arrived with the announcement and has continued since. I think the SP has found its place between 3-3.4c and will continue to trade side-ways at this level leading up to the half-yearly which is expected sometime Feb.

If it breaks 3c it is well supported by the 100-Day MA at 2.7c which will present a good buying opportunity.