my ta views

It has been sometime sience I last look at the nse chart
at first I was not happy with what I have seen

I notice the sp is below the 200 days moving average this usually means the market has turn bearish on the compeny

but then I zoom out to the weekly chart and drew some trend lines some thing has stand out and I like what I was seeing hence I belive @15c could be a very good price to enter

I drew a downword trend line from all time high of around 60c connecting all the highs in the past, I notice we have break out of it and hits 30c and retrace back to the low of 15c today and close at 15.5c, and 15c is where this downword trend line lies at the moment.

I like what I'm seeing because when sp break out of a trend line usually it will come back and test the line for support, if this is what we are seeing here then I belive we still have a lot of room to run in the future

2ndly if you drew a upword trend Lind from the all time low and up you'll find we hasn't break down from that up trend

so this is just my ta argument of what might be happening now

please do your own reserch see if you agree with my view