Spackman: Uptrend still intact with strong rebound spotted yesterday... Heading towards 0.164?

Now at 0.161. A further breakout?

Sent: Thursday, 26 November, 2015 9:12 AM
Subject: ********** Spackman: Uptrend still intact with strong rebound spotted yesterday... price 0.155

We have seen a quick rebound from the 0.135 to 0.140 support level yesterday on strong volume with a bullish candlestick bar. At current levels, 20 day MA line has also crossed above the 200 day MA line in a sign of trend reversal taking shape. Resistance at 0.158 – 0.160 where we can see huge sellers stacked at the moment. A move above this resistance can see it trade back to 0.164 – 0.165 which was the high in April before attempting a breakout above again. Support can be at 0.150 for now. MACD still looking positive and increasing firmly above the zero mark.