OBJ Chart Thread, page-250

Agreed Alann too early to tell whether this is in fact cemented, however as mentioned before and as displayed by the numbers on the chart below we have created our first higher high on the weekly since June of last year, IMO this is an extremely solid initial sign of reversal.

As can be seen by the downward channel, price action is usually capped when meeting it or you can also use the MA within the bollinger bands as points of resistance. Each and every time in the past we would touch on resistance then retrace to create a lower low. This time we touched on resistance and created a higher high which IMO is absolutely massive. Now, this isn't to say that we are out of the woods yet, we will have to break through the higher bollinger band around 5.8c, retrace and continue upwards to really satisfy an uptrend IMO as can be seen by the big red candle back in april of this year we touched on the upper bollinger band but quickly fell to set a lower low so something to be wary of.

Other indicators to look out for is the MACD, we currently have a positive cross but we have had 'fake' crosses in the recent past, if we truly cross with price action to match expect another highly reliable sign that an uptrend is in motion. Last time we crossed with price action to match we went from our lows of 4.7cents to our all time highs of 13cents. Should be an exciting Dec-Jan IMO.