Monday, February 10, 2014 6:18:39 PM
All this is not tremendous bad news. .01 may not be support but after last week's breakout it is no longer formidable resistance and the next level to challenge is .014 (red). There is still intermediate and long term support (green) at approximately .048 and .04. Furthermore, the blue short term uptrend channel is not to be dismissed unless the price fails to break above the lower support line at near .007.
The bold believers could buy in this area with small orders at .006, .007 and long shots at .005 and .004. Small orders because selling today accounted for only about 1/4 of the volume.
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