Important Support for rising trend on TAFor the week stock retraced to the lowest level on the longer term rising channel. Still bullish although today’s weakness showed net money flows out of the stock with an above average volume approx. 2 million (with OTC trades in US added). This temporary weakness is a result of potential buyers watching on the sideline and waiting for more good news can extend as long as good news is absent.
The concern we have is that time lapse is getting longer between signed contracts. And that will depress the price further.