Going off a few minutes looking at how many times the daily, weekly and monthly have touched, opened and closed over the past year I reckon first off we need to test 0.024, 0.025, 0.026 and 0.027
Then 0.029 and 0.03
The strength of resistances and supports I find and work with is the amount of times these prices touch, open and close, that includes highs and lows(touched)
Coupled fundamentally with announcements we don't have or confirmed, these prices could be ignored or smashed, depends on how good fundamental announcements are.
The charts have become harder to read due to this chi-x rubbish i suspect over the past year because I just use theinsidetrader and bigcharts which give conflicting prices and don't correct until the next session on bigcharts.
I also reckon it basically needs to move up before the end of the week or at least stay put in price, but the volume has been light on red days and dropping in volume. I'd rather lean towards a close above 2c but below 0.024 to end the week as a probability.
ECQ Price at posting:
1.9¢ Sentiment: LT Buy Disclosure: Held
