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Support/Resistance:
The chart hits the support line of $1.23 and rises to $1.35.
Indicators:
Looking at the MACD, RSI and Stochastic, if the three indicators fall a bit further, it will provide a good buying opportunity.
My Target Price:
The price may continue to move to up to $1.66. However I am not buying as I feel it is expensive now. However my target buy price will be raised from $1.10 to $1.20. If it reaches $1.20 I will buy some lots to keep, otherwise I will not buy at all.
Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.
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