Digital Classics - JIT out !

Tech, Sorry you are right, it is a hanging man at the top.
But i still think that that indication along with a retracement of only 38.2, (so far, hoping for more next week)suggests that without any movement up i would expect it to head back down to the last support just below 1p.....

And i totally agree that old support and resistence levels are very inportant when trading too, but again on an unliquid stock with large %age moves you can pick out individual levels so easily...

Fibonnaci is pretty effective as it picks out psychological points on the chart where people would be likely to buy or sell...
Including if we see new and a drastic move up, where i would expect resistence to kik in, at one of the levels above 100% retracement.

six