RE:TA Update...No dragons???
steveM45 wrote: Congrats bulls, finally a potential bullish setup on the charts. (In Cdn $'s), Lots of room for a pullback to anything over .085. Then, ideally you see it bounce up over .13 and that would be technical confirmation of a daily trend reversal and beginning of a new uptrend.
If this scenario plays out, .17 is highly probable (next lvl of resistance). Although there is a lot of overhead resistance, if it breaks over .17, I would be targeting .23 - .28, but then again, that's a ways out, and like weather forecasts, the further you look out, the less reliable TA gets so we'll see how things shape up in the next while.
On the downside, it MUST hold .085 or all the above is null & void and the process starts over again.
GLA.