It would appear we are forming a nice falling wedge, support is...

It would appear we are forming a nice falling wedge, support is building in the mid to high 40's for accumulation on any weakness, (XAO having a wee tumble to 4100 perhaps) Short term resistance is 54c, I'd also expect we would blast through the 3 year resistance line in the event of a take over, so medium term target of 80-90c is probably now irrelevant.



This was the chart I did a few weeks ago: it appears we are just over the support trendline (about 47c) I originally drew it as a horizontal at 50c but on closer inspection it is slightly descending & still intact.



I'm happy to sell for $4.00 upwards, Good luck everybody, I have a gut feeling the next 3 to 6 months will be very eventful. Lets do Frank proud & not sell this cheap.