I like that since the rapid selloff immediately after the AGM we got to see a new yr low of $1.22. Great buying opportunity for many. We have climbed up and away from that as the stronger hands bought in.
Note the accumulation since the end of August as people possibly had hoped for better time after the Labor day weekend.
I note the accumulation lately and it's level on the chart. I also note the activity on the sell side depth as of late. I note a definite lack of promotion for quite some time. .....Actually since the announcements of Micon,SGS and the VTEM we have not had much else to chew on.
I like that we stay above our 10 day EMA and our 50 day MA. I like that our day of new yr lows are behind us. I like that summer is done. I like what we are all waiting for. Patience has to be rewarded. IMHO
http://stockcharts.com/h-sc/ui?s=ISM...