Support LevelsUnfortunately the delay in permits has caused a stale in the share price, and a subsequent decline from the 1.20 consolidation levels. That would have been a great catalyst to start the next leg up. Oh well.
As for the exact date i'm not sure, it was June 2009 for on, and then another was delayed. Still not to clear on that news release.
Support levels are as follows:
200 Day MA is around 1.05, with the 50 Day MA interlaced at the same level, looking for a golden cross here to signal a bullish turnaround, otherwise this could act as a support level.
100 Day MA is just below at 0.95 cents, so we have an immense level of support between .95 and 1.05, probably a good time to pick up more shares? Any thoughts?
This should be the support level for more consolidation until we have some direction on the permits.