The daily stochastics have broken through over the past couple of days which is a good sign. Next up is the 20EMA which has been very strong overhead resistance since early April. We closed right on it this evening at 35.5cents. The question in my mind is, did the July 5 candle give our higher low? If we can break the 40c mark next week then I believe it will be because then ideally we can backtest on that level. Incidently, this week was the first time in 10 weeks that the Friday close was higher than that of the week before. Things are starting to look a bit rosier, but there is still a long way to go yet.
CAP Price at posting:
35.2¢ Sentiment: LT Buy Disclosure: Held