what charts say, page-5

Hi No Marlin,

We have a rising wedge formation which is bearish. However - this is from only two days of plotting so far too soon to really work anything out from the daily charts!

The close is within the candle from Friday, so will be interested to see if anything comes of it.

If I had to guess however, I would see a flag pattern forming, with trading in a slight downtrend but within a range of 5-8 cents over the next few/many trading days. This would then be followed with either a failure (ie dropping back below 30 cents) or a breakout (moving beyond 50 cents).