Well my bullish technical view (weekend charting thread) has been wrong so far this week. The sp has closed today below the trendline that you,5hareholder and dgoransson highlighted.
So now I'll put my bear hat on (and hopefully be wrong again )....
IMO,the longer it takes for assays or other positive announcements,the more likely it is for the sp to drift lower.(DUH)... The crucial support I see is 13 cents. That's a retest of the 50 Fib (2.5-23.5) and the horizontal support we had for all of last Dec.
If it goes lower,I'm out.
Cheers
AVB Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held