From this graph i can see:- WMA closing in and about to cross...

From this graph i can see:

- WMA closing in and about to cross SMA here - Bullish
- MACD yellow line crossed the green line to signify a 'base' or a break of the downtrend
- RSI is still just hovering above the oversold region. Earlier in the day when it was 33c it was 'oversold' it has settled down and pushed up a bit.

Graph shows a variation in red candles. on the one day chart (below) you will see that there is a definite base forming at the 32c mark - a notable fib retrace level as identified in the Day trading forum around 2:30pm today.

Alot of late selling to get out before the close shows up in the 400k volume bar. The break below the 32c trendline and to close below it is a fair bit bearish, but we need to have a green open to nullify this trend.

In summary; if we see an open of 33c, we will probably make back 1/2 of the losses of today, moving to around 38c. But if we open at around 30c, then we could be heading back to 25c.

If the ST looks bleak, wait it out until we see some formation. But, in the LT, it'll be good IMO.

Don't get caught w/ your pants down! A TH could do us out of thousands! $$