1. Share prices have been on an upward trend since Nov 2017 and breached its 500 moving average in Dec 2017.
2. Share prices have been trading in an upward price channel since it broke out above the 500 moving average.
3. Some strong resistance at around 0.072 price point for the last two and half weeks.
4. There is a head and shoulder price pattern forming now and prices could go south if it fails to break above the current resistance 0.072.
5. A break above 0.072 could see share prices continue to the upside
6. A completion of the head and shoulder price pattern could see prices fall below the neckline and head down towards 0.059-0.054
2. Share prices have been trading in an upward price channel since it broke out above the 500 moving average.
3. Some strong resistance at around 0.072 price point for the last two and half weeks.
4. There is a head and shoulder price pattern forming now and prices could go south if it fails to break above the current resistance 0.072.
5. A break above 0.072 could see share prices continue to the upside
6. A completion of the head and shoulder price pattern could see prices fall below the neckline and head down towards 0.059-0.054