"Currently there is some resistance at 0.34 and the MA100 is at 0.36" Those are just your imaginations. The only thing that will move this stock is news and it has nothing to do with technical indicators.
I thought you are value investor, you think Warren Buffet would bother spending a second of his time looking at the charts and see where these technical indicators right now? I don't think so.
The idea of value investing is to look at the financial reports and try to come up with your OWN valuation of the company regardless of the market price or any of these technical indicators. And if the intrinsic value of the company is higher than the market price, then you buy the stock, but it has NOTHING to do with technical indicators whatsoever. So simple, yet people like to complicate things. Ask yourself a question, when deciding buying a house, would you look at some charts to decide whether it is a good purchased? No! You will go inside that house and see if it is actually worth purchasing based on its quality. The decision is based on your own valuation NOT on some charts.
It is embedded in our genes to always try to predict the future and attach meaning to almost everything. It is a part of our survival during the evolution process, but this way of thinking is faulty in investing world.
