huge bullish news ... , page-16

siamese,

Don't worry too much. From a technical point of view, it's recent run up to $1.80 smashed the long-term downtrend, which it's been in since $2.20 in Sept 05.

It then declined to below $1.50 pretty quickly, but bounced straight off its lows and is holding in the $1.50 to $1.60 range, which is still well above that long-term downtrend (would have to decline back into the $1.20 range to resume that path).

So, long-term, it's in a far more positive stance now. Short-term, when you shoot up from $1.20 to $1.80 in the space of 3 months, then retreat back to $1.45 in less than one month, you get "technical damage" (wary punters). That damage takes some time to be repaired.

At $1.45, all indicators were in oversold territory. Now, all indicators have turned back up.

Patience, pet, or I might have to exchange you for a Norwegian Blue.