RE: RE: getting ready for blastoffThe reason that 15 will be s/t resistance is that there were 2 previous peaks at that level.........I do not expect it to prove very hard to slice through and continue on but it will be resistance nonetheless and most likely it will trade 300K to 500K between 15 and 16 cents.
Just an FYI for you..........not all support and resistance levels come about with a 'textbook' chart formation such as the flag you have drawn on your chart. Sometimes they are provided by previous highs and lows, sometimes by financing levels, sometimes just because one big player wants to do something.