There are plenty of sellers.... StillBut it is the buyers that...

There are plenty of sellers.... Still

But it is the buyers that are the important factor
at this phase ...

here sellers = The impatient, bored , scared...



But the buyers ?

They definitely are there (atm ) and they are accumulating (atm )
There buying does take out the available supply

Does create breakout patterns , like the other day at .44

But what so far invariably forms is a ceiling ..
Buyers back off and a small selling wave takes the price down.. where the buying is good again..


yes .375 has formed as a point of support
.435 has a point of resistance

atm price activity having narrowed is broadening again

Why a ceiling and not the breakouts

Not enough sponsorship ?
ok good buying would not resume
too many double bottoms

Maybe too many easy shares still available to buy of the impatient , bored and scared ..
and many weaker buyers are on the sidelines..

That is how I see things from the action of the stock.

good to keep a bigger picture
Weekly and monthly charts for example don't look to bad at all..

As of the moment
motorway