I guess trend lines are relative.
If I go back to the all time high of 15.5c on 21 Feb '11 and apply the trend line all the way through the period we finally closed above the downtrend on Fri 12th Oct '12.
The following Monday the 15th closed at 2.7c and the rest of the sharp rise we know about. Perhaps this activity was primarily TA driven? Some longer sighted TA's watching/waiting for the opportunity to make a quid!
I'm with you Karlos, still bearish short term.
the next few days..., page-3
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