Just as a TA point of view. One of many, this pattern is pretty common on the 3monthly - Cup and handle.
http://www.investopedia.com/terms/c/cupandhandle.asp
This is my interpretation ofcourse there will be others, but the 10c mark also is a fib level and the RSI/MFI are both in over-sold terrictory, which makes my case for cup-and-handle much much stronger.
I bought in yesterday on this formation, have traded this a few time (as this is my current modus operandi) however probably would of been just as beneficial to hold from 6-7c (all things considered).
regards,
Nihilism
Add to My Watchlist
What is My Watchlist?