Sunray

Requested by BLSH

Off its lows and found some sort of bottom at 26.5 cents, the move on 16th Oct (5.2 x 50 day average) and 1st Nov (4.6 x 50 day average) with high volume. On days when there is little or no price movement volume is low, could mean that there are less willing sellers at the lower range.

The 20 day EMA is about to move above the 50 day EMA. Likely to hover ard this price range or a possible retracement btw 30.5 to 31.5 cents. Coincidently, the 50 retracement and 200 day EMA is at 33 cents. That could post a fair bit of resistance. Any break (with volume) above this price and holding above could signal a possible reversal of trend. As taught by Ochartist Sifu at SI forum, move above the 200 day EMA then beautiful :)

Do note that this is a short term view.

Not vested
Cheers SM

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