share price, page-9

Technically speaking the share price is not in a down trend.

Look at the Daily Chart - its in a trading range, clear as day. A downtrend is defined as a lower high and a lower low. The last leg (if you look at that timescale) has a high of circa 6.4cents and current low of 5.2 cents. The high is not a lower high then the previous high around 6.2 cents. Its clearly in a trading range - happy to clarfiy further if required.

On a Weekly Chart its in an Uptrend unless breaks below 5 cents it may be the start of a downtrend.

From a TA point of view, important for share price to hold above low of 4.9cents otherwise a break below this level would see next support at low 2's. This is all from a TA point of view.