Sorry, Chart repost. Sorry for the messed up chart. Hadn't realized it had been cut. Thanks to DCC66 for pointing that out to me.
Agreed that we are on an otherwise 10 cents/month climb in SP possibly based on regular progression. But if a major milesone is hit, then that will throw all indicators out of whack for a short while.
Right now, the positives are:
We appear to be settling a third support level in the .55-.58 level.
We are definately on an unbroken uptrend since the 3rd week of Jan.
Money flow out is decreasing as corroborated by the tightening of the price a very low recent volumes.
The negatives are:
MACD is short term downtrending and on the Weekly chart it's flatening out and about to reverse. So the daily needs to start changing before the next leg up can begin.
We've had a triple top busted but volume was too low. Rightfully, given the lack of substantial material news, there was really nothing to support it. However, provided we do get some significant news other than just the .60 cent PP closing, then the next time we go through the top should be a decent run to new support levels.
