Great solid end to the week guys, this is just what TADF needed. If you see the chart below, TADF finally closed above the slow descending channel, this is what we been waiting for, for the past 9 days of sideways action. Now Of course, we will need some more confirmation the next couple of days to actually declare a trend reversal, and start a new uptrend. I expect, it to slowly start a new uptrend. Patience is the key, baby steps first. As we slowly rise up, we will once again be facing the .0045 - .005 zone. Like ive been saying, a close above this region will be very positive and possibly very explosive because it will confirm a breakout of the cup and handle pattern that it has been forming since Dec & it will also confirm a break of the last remaining major trendline that is providing resistance dating bacl to July 2010. Good news is, that the 50 day is fast approaching the 200 day, we may get a cross in a week or two. This is one of the most bullish technical events a stock can produce, especially when we have been trading above both for wuite some time now. (click chart to enlarge) Have a nice memorial day weekend everyone. GLTA
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