nice big bite, page-10

Thanks vendor,
What technical basis is there for a 6c call? I would have thought there was support in the 9's.

My novice (lack of?) understanding of charting requires there be a historical precedent of sorts.
Last time it was in 6's was Aug '09.
The only imaginary line I can see from that (on the weekly) seems to be a support in late Aug and Dec '10, then Dec '11 and late Jan'12.
Becoming resistance in at 19.5c week of 24th Sept.

Am I following the right theory?

Regardless, to get to 6c by Xmas we have to drop around 60% 6 weeks.
That'll require some 'panic stations' style news/manipulation, surely.

By the same token, we'd need to rise 35% to hit 19c. and in the absence of news, is that likely?

My gut indicator tells me we're in this range for a while. Anyone who is impatient is already out and waiting for the next rise, those who are in, are holding.