My basic chart understanding from a FA and LT investment...

My basic chart understanding from a FA and LT investment stance.
Its clear that we should find good support @$1.55 200Day MA currently (green circle) should we drop that low. It also seems as though we may see RSI reset to the 30 mark (red circle) (I'm targeting for my next small trading parcel purchase). Looking at current trading trends it would seem that we may need to wait until the new year to see some positive momentum in SP gains provided the World macros are all happy. We've been down there before and bounced nicely, i can't see too many reasons why we wouldn't again... Also CR was $1.65 (just a reminder). patience required as many have said until late next year. we know what we have in the ground and we know who's steering the ship. I hope everyone can relax a little and enjoy the wind down to the Xmas and New year Break. we all deserve a little rest as big things are coming our way in the new Year.

All IMO, and please do not interpret this in any way as advice this is only my view and opinion as a LT holder who may or may not trade a little when opportunity permits