cold water, page-56

trombone

Thanks
Yes, you're right about the $1.60 call - it was based on the chart of the 31st of May. The share price went up a little in the days directly after and so - to respect price action - I readjusted my targets. Here's my updated chart. Note, though, that there is a very real possibility the pain is already over because the price is almost at an important support cluster formed by both an important 38.2% fib and the 200 period exponential moving average (daily chart) that are coming together at ~$1.81. This could well become the point at which the share price 'turns on a penny' and starts flying up again. Wait for an indication early next week. Failing this support level the price is imo very likely to play out the ab=cd pattern to the bitter end which will mean it will go to ~$1.67 (revised as explained above). Good luck.

Cheers
Hans