A bit of an update post market shake out over the past week....

A bit of an update post market shake out over the past week. Certainly encouraged by the lack of stock from the 38c placement and crossings make its way back on market with the share price testing and respecting levels of support. Certainly some positive price action over the last two days pushing back through and above 15, 30 and 200 day SMA levels. It will be interesting to see if RGI can go on with it tomorrow to set some fresh near term highs in the price,  $0.46+ would be great to see and assist with the MACD turning positive once more and confirm the move in the stochastics.



Having a look at the weekly setup for some perspective, nice test in the SMA, after the significant push through levels over the past month. I also like the fact that the MACD is trending nicely positive heading over the 0 control line. RSI still some way from being overbought and i don't mind the fact that the stochastics are above the 80 line, as we certainly see larger moves play out, like we did back in January with the share price moving from $0.40 through to $0.68.