interesting that you mention the fib retracement. for the cup...

interesting that you mention the fib retracement. for the cup and handle a 38% retracement is the best with small volumes as it goes down.

what's most interesting to me are the following other indicators:

- daily RSI just sitting on uptrend line. this is a common signal for me to buy if the stock is on an uptrend and i am expecting news of some sort.
- the slow stochastic is also touching the uptrend line.

the stock has now entered within the bollinger bands on the daily although it needs more consolidation to see it fall within the weekly band. so, a bit of consolidation at around .027-0.029 would be good for a stronger move up. what's more interesting is that the top of the bollinger band has not started to droop. this is usually a good sign of strength for a move up.

so! the next few days are important for me on a technical basis. . . . .although i will not take a stop loss because a fall below the comfortable trading levels will be met with buying interest because of the impending news. . . .