Gidday all,
I got the rest of my order at 0.17c today after it was partially filled back on the 10/8/09. As you can see below we are at the bottom of the up trending channel and we have bounced of this before.
Two of the previous 0.7c moves have come off the bottom of the channel and this one coincides with the 50 day moving average.
The stochastic is also not far from the oversold position and the MACD could also turn up from just below the zero line.
The target is 0.24c in this move going by the previous speed angles with a bit of resistance at 0.195c and 0.225c.
Good luck all....oh by the way this is a trading portion and in the queue for sale at 0.24c already....:)
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