Since we hit 48 cents earlier, we went back up and almost closed at even. Closed one penny down to 51 cents, we've touched the low support and maybe this is a reversal. If it broke 48 and fell further and closed in the high 40s, there would be little support, but we saw nice support as GMP and UBS did some late day buying at 50 and 51 cents - which is always nice to see.
Our last climb started at 50 cents and took us to 98 cents, that climb started after a high of 75 cents, we tested a low of 47 cents, then it went up to 70s and returned down slowly until it hit about 50 cents (for the 2nd time), and when it hit the low of 50 cents +/- 2 cents, we started our climb. Today we hit that bottom, and we started the climb back and closed at 51 cents, the chart is very similair, and judging from the past and that history repeats itself, I would not be surprised if in 1 weeks time we are back over 60 cents and chugging along - this is just my interpretation of the chart and based on past performance of GNH sp.
TMl26