I feel that the volume lately (in the entire market) has messed up a lot of TA markers though..
Even the boys down at the ST/DT threads are having a hard time pinning their charts down as with no volume small moves can be interpreted as big ones.
Look at the 10% rise today, its overshadowed by current sell offers at .20 and volume for the entire day of only 200k (roughly $4000).
Imo it would need to have a strong buyer side and over 2mil volume for a breakout to be considered true..
You are right about the support and breakout points imo, but it needs volume breakout to confirm. Also, if a break of the .018 support happens, look to fall to the 3year support line of .09/.1 as it did last year around this time...
all in my limited technical opinion, BUYIF breakout on volume. SELLIF breakout below 0.018 on volume. Watch for false breaks.
GCN Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held