schwafty

schwafty

I am leaning towards this bouncing higher off the 1hr trend, If it does breakdown 0.618 (45.5c) fib looks like the next logical target, however the gap has already been filled previously so may not happen. Also, not sure if we'll get another significant opportunity to purchase below the CR price of 0.50c Lets see how this plays out IMO

schwafty

Looking bullish currently, either breaks down on the 1D trend line resistance to test long term support or pushes through resistance...Will be positive announcement dependant IMO Lets see what happens

schwafty

We've seen price action since the March drop push us back into the channel, it would be nice to see a bounce from the 1M trendline thats provided TL support since '09. Maybe a bounce from here will get us through the 6200 resistance thats been on our plate since June. Let's see what happens.

schwafty Updated 

The forming trendline since April initially acted as resistance, then turned support multiple times.If the trendline holds we should move into a bullish breakout of the pennant on the Daily which should hopefully give us enough momentum to break key resistance at the 3136 level and push us towards a move to at least 3220 You'll also see the RSI has just broken...