howdy Orga The midline you are referring to is the bollinger bands? The price can often fall through that line, look back along the chart. It is wrong to think that you can extrapolate that line and find the point at which it will hit the price action and call it support. I arrived at 16c from the fibonacci retracement levels I chose to place at the start of the run and the high of 27c. If you think that the low is 19-20 then thats about where we are now. I disagree that this is the bottom....the rsi has shown it is overbought and the MACD looks like it will turn down into a bearish situation.
Remember this is only my take on things......
Cheers
Commy
BLR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
