Hi Marylec, yes charting is not an exact science. Some may say...

Hi Marylec, yes charting is not an exact science. Some may say it is more art than science....and yet others may call it witchcraft :)

Note on the chart where the left shoulder meets the head. There was an intraday dip to 17c so I chose what I thought was the line of best fit for the neckline....perhaps I should have made the neckline and hence the target just a little bit lower. We are only have a cent lower than my target at 13.5c and I did note a lot of buying support seemed to come into the depth quickly when we hit 13.5c and as we speak there are buyers seeking over a million shares at 13.5c. Overall the buy side seems to have grown overnight.....but I have learnt enough to know not to pay too much attention to the buy/sell depth. The current buyers could be made up of gamblers, shysters and other fakers but just as likely we have hit a bottom as the head and shoulders pattern would suggest.