hang on and be rewarded, page-15

re: hang on and be rewarded(acouch) Yesterdays price action is indeed indicative of a reversal pattern. Opens at support, gets pushed down hard during the course of the day, but the Bulls say "Im having none of that and push it back to its open price.



This is therefore my summary

* THere is an announcement out this morning which will send it up. By all indications, the price has not accomodated this announcement
* The price action suggests a reversal (short/long term unknown)
* Decent volume to support the change in direction.
* It has bounced of support.
* Price range has been contracting.