weekly chart update

The 0.105 resistance still proved too much for the SP in the short term with traders taking the opportunity to take profits. Since then we have sold down back to the long term support line for this entire up trend at 0.071 & managed to close that small gap at 0.072. Looking at the weekly chart we are still in an ascending triangle pattern which if support holds should still play out. IMO if the SP settles in the mid 0.7's early next week then traders will flock back to this stock quick enough. If support does break in a possible shake out look to 0.068 as strong horizontal support. Overall with most indices & stocks oversold I would expect some sought of a bounce here which should net some good gains again.



Even the daily looks bullish with a distinctive falling wedge pattern with the 50% fib around 0.087 a likely target