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Support/Resistance:
The chart has dropped till $0.46 which has broken the lower uptrend line. There are still no confirmation of further break down yet. The major support will be at $0.46 and the major resistance will be at $0.60.
Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are started to go downtrend which may mean that buying momentum is reduced.
My Target Price:
I might be selling some lots at around $0.60.
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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