Hi Hoop
Thanks for that - gives me some things to think about.
Some interesting points: SP going up today. Also the depth has changed dramatcially. Last time I checked the sellers were asking prices lower than the buyers. Now the lowest ask is 69 cents and goes all the way up to $1.20. (Maybe due to a whole lot of folks buying in at 65 odd and now putting in a sell?) Also NZDUSD still dropping so maybe perking up long term investors?
My strategy is to wait until the price crosses through the 30 SMA, RSI goes above 50, and OBV is rising above 0. Target buying price 75, sell between $1 and $1.20. Sell will be triggered by a cross back through the 30 day SMA. And note to self: As Hoop said its the quick or the dead. Based on the charts and oportunities over the last 2 years you had to be in within 10 days of the initial burst to make anything from it.