time to buy , page-2

Okay I'm still learning so i'll keep it to the KISS rule

Today we filled a gap (16-16.5) left on the chart from the 8th May

16.5 is near term resistance and we can expect to hit and bounce a few times. 14.5 was the same and we bashed up against that a lot.

There's another gap to be filled at 0.23-0.235 from the 16 June 2011. No gaps below us thankfully. Before we get to that gap there is the psychological resistance of 0.20 (round numbers always present this issue). However we are in the confines of an ascending triangle and coming to the pointy end, it will break out soon. I'm of the opinion that it will but up against 0.165/resistance until that line intersects with the bottom trend line of the triangle and then head higher.

As it has been alluded to by others I am of the opinion that this stock is being controlled by big players and they are orchestrating a controlled move higher. That is no parabolic moves, pay respect to obvious lines on the chart (so that TA simpletons like me believe the price is obeying the correct rules).

Just remember how much stock is in the hands of instos and the top twenty (nectar?). It seems to me that the obvious way for these guys to increase the price is to push around a nominal amount of stock, slowly controlling price action on a manner that doesn't arouse unwanted attention.

On the other hand, I am happy for someone with better skills and more knowledge to correct me. It's the best way to learn and I might be slightly paranoid based upon my opinions, he he.

DYOR I don't even have my learners permit!