v\:* {behavior:url(#default#VML);} o\:*...

v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);}

Have held these for 6 years and had forgotten about them and my portfolio in general during that time. Imagine my shock when I checked my Commsec and saw they were at 15 odd cents a few months ago after having been in the gutter in Feb 2015. Kicking myself for missing the original rally but life got in the way of the market.



Anyway, here is a chart I started to draw around Feb 16 initially with just the blue fork. I added the black fork in today to determine possible support and resistance levels. Note the initial bounce off the the central blue tyne at approx 24c. We have now broken through the top tyne of the blue fork which should act as support. Note the resistance at the dashed blue trigger line during the first attempt to break through it.



The central black tyne will also act as a possible resistance and then support once it is broken through. Looking at my crystal ball, we can potentially see an ascending pennant forming between the central black tyne and the blue trigger line. Then potentially a breakout towards the top black tyne.



Of course I could be totally wrong and it could tank back down to the central blue tyne. What are the potential risks to the SP in the short term?



As always, DYOR & GLTA




GMM Chart