Cline Mining (TSX:CMK) Annotated Stock Chart VideoThe following video breaks things down for the most part, something to note though, Tues they did take the stock to a double bottom, and tested the lows by what 4 pennies, closing above the previous low on the 10th of June. Remember it is the closing price that counts. Often a stock will test a low by a few pennies to take out stops, smart people knew better this time and we didn't see a mass triggering. We still have a long road to climb so keep the pressure on. Someone mentioned Fib retracement, a down trend such as this I would take it from the pivot high to the pivot low on the daily chart, this should also going to coincide aprox with your moving averages and the upper channel. Wasn't quite following the other posters post...
https://www.youtube.com/watch?v=NKb0Li3rMdc&feature=channel_video_title