RE: RE: 24 HoursNo one is assuming anything. Basically looking at the charts and finding a pattern and some support and resistance lines.
Hey, the markets could go into a tailspin and it could affect buying in all sectors.
What we do know is that there are some strong resistance lines at .42 and .39 if this stock were pushed brutally to a bottom before its next leg.
What we are saying is that .44 is a price point where the risk of buying is greatly reduced as the downsize is minimal compared to the upside.
It is for these reasons why Brokerages like Dundee and CIBC give these a specualtive Buy rating will possible large returns.
Tomorrow, or next week really doesn't matter.
We do have the AGM on Wednesday and there is a good chance that something amazing will surround that day.
So, what do the charts actually tell us for the remaining of this year, if the numbers are good.
Prior to the numbers, a complete wash and she tests .39, after the numbers, even $2.50 is in the cards for 2010.
Mediascan