The linear regression chart from the 95c. sp high on 22/12/2010, to the 7.5c. sp low on 18/10/2013, generated an UPPER channel range of 38c., with a range mid point of 18c.
Post 18/10/2013, KEY up side TP's/RESISTANCE tests are forward looking (extrapolated), PREDICTIVE in nature, and will be (generally) MULTIPLES of that 38c.range .....including range mid points.
So, the CLOSING PRICE today, relative to that 38c. level will be of some relevance.
Cheers....and keeping in mind, when key horizontal support/resistance levels are being tested, the CLOSING price is the one that matters.
[ATTACH] The linear regression chart from the 95c. sp high on...
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| 29.0¢ | 19999 | 1 |
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