We bounced nicely off of the 200 day MA (long term trend), but we're still stuck underneath the 15 day EMA (short term trend). The 200 is around .19 and the 15 is around .24 so I expect we'll bounce between the two until the market decides it's had enough and hopefully breaks above the 15 EMA. .25 is also a key level on the chart, so that general .24/.25 range is a big cluster of resistance right now and the bulls aren't ready to break it. I think we're working up to break it but I could see it taking a few days still, hence why I think we could see trading in the .19 - .24 range in the immediate future. After .25 it's that .36 level, then the .46 breakout spot where the fun gets turned up. I think this is the last bit of accumulation at these prices then it marches higher, but stay patient.
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