While the MM patterns to get/keep price near .015 is/was obvious, at least to me, there also seems to be an attempt for that area to be support...and for good technical and psychological [sentiment] reason. I only use long term technicals with this stock.
The .015 zone marks the washout low of almost exactly one year ago and the March 2013 low. To bust below it is NOT something ANYONE wants to see!
The Jan. 2012 high of .07 has made a near perfect downtrend line connecting the July 1012 high, Oct. 1012 high, and Feb 2012 high. Today this downtrend line comes across at the .027-.03 area. So we have a long term constricting triangle with a sideways base and a wedging downtrend line that represents 15 months, about the time since PQ went the tailings recovery route that failed with recovery rates.
Fresh money from AS, piggybacked by drilling funding would burst the share price past .03 and if this is coincided with a strong expected turn up in gold, silver, and the PM share indexs, we are out of the woods.
So, there IS a way out of this! But it is tough to see or feel with the acid in our faces....pic
Today has HIFG 80% chance of forming gold and silver lows, along with PM shares, so this to AS...."NOW!....pic
