it's february..., page-85

From a technical analysis point of veiw I'm hoping the next set up will turn bullish, and not channel back down to the 5's.
(could bounce off around 6c. Support at the bottem of the bands in mid Oct 2013 on the dailys.

Now that the DOUBLE TOP has played out perfectly on the daily chart-- from 7th Nov 2013 to 5th Feb 2014 lets see what develops next.

(this is why i topped up at 0.051 to 0.054)

DOUBLE TOP CALCULATION
Lowest low=0.078 & Highest high = 0.105
Pattern = 0.027 (0.105 - 0.78 )
= 0.051 target --- target hit 05/02/14 ;-D

Also the Double bottem played out will back in 2nd Sep 2013..
DOUBLE BOTTEM
High of 0.061 to 0.050 = Range of 0.011
High 0.061 + 0.011 Range = 0.072
Target hit and went to 0.078

To confirm a new up trend price needs to CLOSE AT 0.073 OR HIGHER ON FRIDAY CLOSING. The next biggy is a .11c close & a .125 close.

Also if you look at the closing prices on the weeklys you'll see a cup & handle formation. :+)

Although this is a long term fundamental play for me (3 1/2 years) , technical analysis helps very much in finding the BEST possable entry point.

;-D

Happy Trading & keep holding!!!!