Almost 2 months on from the last entry on this share and we're almost at the target area of 6p.I've attached the weekly chart as it's much easier to see where the important 6p support comes from. In addition to the previous price low, it's also the target of the "M" shaped move which double topped at 30p and dipped to 18p in between.I'll be looking to buy this support but with a stop in place as if 6p goes then it could easily see 2p again. Original link...

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It seems I was right to stay out of this as we're back here at 56p today and, again, close to that major support at 53p.It's worth going long from there with stops below the round number of 50p as it's such an important level. If it goes then next supports are at 38.25p, 33p and then 20p.Resistances (place to take profit if the trade works) are at 65p, 71p and 76p, the latter, not only a price high but also where the downtrend resistance will be in a week or two's time.  Original link...

It's amazing how charts can look so different only a few days apart. I've entered long on this today (with stops below 53p for safety) because it looked like closing above the high of the previous 3 day's candles (and it did, just).Normally I wouldn't be too bothered by that, but in this case we're not far from a significant support (53p) and the previous 2 days were both dojis. Also, there is a bullish RSI divergence against the 56.5p low, MACD histogam is on the rise (as is stochastic and RSI) and looks about to turn +ve.This is still a risky position because there has been no confirmation of an end to the downtrend but there are early signs as described, and the price action today was much more positive, especially into the close where it touched 59p.65p is the initial resistance, followed by 71p and the downtrend resistance...

Finally we have a possibility of some direction here. Yesterday saw the first close above the downtrend resistance from 260p and the first close above the 200SMA since 18 Feb 2013.In addition, the indicators are all looking positive with the possibility of the MACD histogram crossing the zero line (the lines are also above zero which is also bullish).The RSI hasn't yet broken out from the downtrend from 450p and the 50SMA is still some way off a "golden cross" over the 200SMA so there's still some way to go before we could see substantial gains IMHO Original link...