making good progress...key activity today, page-8

re: possible breakout... Significant numbers at the moment...

Some really good news about now would do wonders technically.

VWAP's since the reversal day of 15th September...

Date VWAP volume
September
15 - 3.56 - 2.6m
16 - 3.70 - 3.7m
19 - 3.84 - 3.9m
20 - 3.90 - 1.3m
21 - 3.84 - 1.0m
22 - 3.96 - 5.2m (heavy volume)
23 - 4.07 - 3.3m
26 - 4.07 - 1.6m
27 - 4.07 - 1.2m
28 - 4.00 - 1.3m
29 - 4.08 - 1.5m
30 - 4.11 - 2.0m
October
3 - 4.08 - 2.3m
4 - 4.00 - 0.05m
5 - 4.19 - 6.3m (heavy volume)
6 - 4.08 - 2.5m
7 - 4.12 - 3.1m
10 - 4.26 - 5.4m (heavy volume)
11 - 4.40 - 6.8m (heavy volume)
12 - 4.36 - 1.1m
13 - 4.39 - 1.1m
14 - 4.36 - 0.8m
17 - 4.42 - 6.3m (heavy volume)

The steady rise is significant...even more so, the periods of consolidation around key numbers.

Perhaps the most significant statistics however, are the heavy volume days...every single one of them has occured on a significant up day, which ultimately preceded a rise to the next resistance level.

This is very typical of the early stage trading patterns in a rising stock.

There were many primary and secondary levels of resitance between 3.4 and 4.5c...however above these levels the gaps between the respective resistance levels begins to open somewhat.

In short, once 4.5c has been cleared out and the 4.6 is geting licks, there is a very good chance that future rises may not be a slow, nor as minor as they have been recently.

Cheers!