![](https://investorshub.advfn.com/uicon/162157.png?cb=1467235160)
Thursday, June 17, 2010 12:37:53 PM
http://i49.tinypic.com/35d3ok7.png
That's a link to a zoomed in view of these last couple of years and specifically where the volume is stationed at. Now remember that the volume we're looking at here dwarfs anything else this stock has seen, so what's significant on this timeframe is very significant on a longer term timeframe as well. The green zone I highlighted is major support, with .0018 - .0022 being the key range. We traded inside of that range more times than not during the past 1.5 years, and with us back above it we can say that it's been thoroughly tested and the support has held up. On this 2 year chart it's an impressive support range but it's even more impressive when looking at the bigger picture, since it's more or less a major double bottom attempt after a 4 year downtrend.
So there's the key support zone as defined by the volume, but don't forget to look ahead to the resistance we can see from past volume. You can see that the upper .002s has some decent volume to it, and not coincidentally we've seen the price start to churn in this range the past few weeks. Once we're past .003 and have established above it, you'd assume that we'll be able to move easily with pretty much a void in volume backed resistance up until the mid .006s. With the weekly chart being in a favorable position for an uptrend on that timeframe, I'm crossing my fingers that we can break that resistance range (blue zone), base a bit on top of it, and then continue the exponential climb. I'll be holding a portion of my position through thick and thin hoping that it plays out that way. GL to everyone.
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