Interesting chart and price action here....
you have a lot of the numbers already below....so good work there..
vrs - long term daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...bCR63Xr9QIv3QzcmI%3D
This shows the price supports level, and the main trendline....i make it below 100p atm...
whats interesting here is the rsi seems to be holding support (so far anyway!)...
vrs - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...0cj0QqFmhg+fwTQHjiw=
close up here, and you are right, this bounced of a shorter term trendline today...
i make 159p (50 day ema line) and 149p (trendline) the key here (see note on the chart)
This does have a pattern, of consolidating after a rally....so basically a bull flag consolidation then rally....and thi scould well be another one of thos ep/b's.....but those p/b's usually hold above the last previous rally peaks....this time it seems to have gone below the last peak...
I think watch 149p now imvho....and look for a rally back above 159p....don't really want to see more than a few sessions below 159p....
below this 2 numbers could see a further p/b 100p area again imvho...
Finally for a bit of fun...another technical event took place here...which is also important i think...
Can anyone see it?? c'mon folks...get yer charts out...
I will be back tonight....to see if anyone can spot it!
atb, wdik, dyor,
trendfriend