the "rally" has gone a bit quiet... hence posters back in their...

the "rally" has gone a bit quiet... hence posters back in their shells...

has run up pretty hard based on no visible news... so probably coming back to "normal" levels? not sure what that would be except looking at the Fib retracements and it closed on the classic 38.2% level of 2.2c yesterday... should it not find support here, the next stop is the more robust figure of the 61.8% level @ 1.9c...

let us see...

a basic chart here showing the Fib levels



should add a note here - as I pointed out two days ago, the inside day candle that happened at the top of the Bollinger band is significant and we have seen the effect of that in the last 2 days... a bit bearish signal has been confirmed in the subsequent days after the inside day on Tuesday 16/08