S & R for AGQ (Arian Silver) please

supports and resistances generally stay at the same level apart from trend lines supports and resistances

This bounced perfectly of that trend line and the 61.8 fib level.
You had the right idea with the trade but being a penny share you may have to have the stops wider.
1 p is not far enough with penny shares.
Technicals are also harder on pennyshares...well for me any how..

dyor
remo

Closed out position small loss but better that than bigger loss as its going to drop more I think while awaiting news. May even get to the 10p support line???

Just got filled at 15.75 - pretty pleased though I thought I had seen a blog on AGQ by Tradesmarter but I was unable to find it.
As a beginner my question is this - the S & R post on here is a week old but the S& R's are still the same???

dl.dropbox.com/u/4899609/AGQ21stoct.jpg





support. 17.15,,16.5,,15.94(61.8fib),,15.53(back test trend line area),,14.05,,13.5,,12.1,,10.09

Resistance. 18.95(200sma),,19.1,,20,,22.44,,25.35(strong resistance),,30.5


There could be a new possible up trend line forming. Does require the price to move higher before it can be valid.

DYOR
remo

Pretty volatile recently,I'm looking to buy few shares around 17p level targeting 22 by year end. Grateful for confirming S&R plus any predictions from TA POV.

Thanks