TA Perspective, page-2

Here's another TA view albeit far less complicated. I pip traded this on Friday for petrol money but was too scared to have another crack yesterday when it hit a lower low. I am thinking that old support resistance in the low to mid $1.30s will come into play now. That level looks a bit puny on the chart nowadays after the mammoth run up but it was very significant at the time. That cup was broken on the news of the Amazon signing and then it fell all the way back from $2.29 and bottomed at $1.35 just missing the top of the cup by a few cents. The rest, as they say, is history. 1PG may well visit that line once more and I dare say will find some support there.