Here's the latest table showing support and resistance levels. Confluence etc.
Next resistance is actually 60 cents, as we did not actually close above that. The 63 cents as you have probably noted. Seeing as how it is based on historical trading levels, this new Canaccord based selling pressure may change things. Who knows how the game changes with an abnormal/out of the ordinary influence like that.
As you said, once it is chewed up and gone, we move on to higher levels. I note that the asks are actually pretty thin.IMHO the stock can only get better as milestone events are announced and established.
Jasper is supposed to be this month as well. More from the trio of reports folder too. I would love to see it go the way Tantallon had mentioned earlier, wake up one morning and it's a done deal. Halted pending news sort of thing. Langmuir bought by a major would be just right by me. Are we sale ready just yet??
| Type |
Value |
Conf. |
| resist. |
0.80 |
2 |
| resist. |
0.73 |
2 |
| resist. |
0.63 |
6 |
| resist. |
0.60 |
4 |
| supp |
0.57 |
5 |
| supp |
0.55 |
11 |
| supp |
0.52 |
4 |
| supp |
0.51 |
3 |
| supp |
0.50 |
2 |
| supp |
0.49 |
4 |
| supp |
0.48 |
3 |
| supp |
0.46 |
5 |
| supp |
0.43 |
2 |
" Confluence occurs when you take fibonacci projections off of multiple trends and get the same number and strengthens when it corresponds with other technical advents such as gaps, swing high/lows, chart indicators crossovers (MACD, RSI, Stochastics, etc.), trading congestion, etc. The more confluence, the more significant the level. I really take notice when I get two or more fib #s (say a 38.2% and 61.8%) to correspond with a gap in the chart or a swing high. Confluence is very powerful as it combines multiple technical analysis techniques to arrive at the same conclusion, and should be relied on accordingly IMHO"
In our case look how significant the .55 level has become and how often as support.
Here's the old chart site:
