will it bounce once it hits 1.3?, page-2

chrisbiris...

This is good...very good in my opinion.

Most of the sellers have come from further up, suggesting it is nothing more than fear driving the selling.

Volumes are also relatively low, indicating little commitment for selling at these levels.

Doesn't mean it wont fall further, but it does suggest that if/when buying support returns, any rise may find less resistance.

In any event, the ema is currently around 1.2c, suggesting that might be the bottom in a worst case scenario...assuming of course that the upward trend continues.

Anyway...it's still trading within my previously mentioned parameters, so no sell signal for me yet...in fact, I bought some more at 1.4c.

Cheers!