[malaguti]

malaguti, this is the kind of feedback that I was looking for, thank you.
>>this weeks activity does seem to have negated the last 3 weeks of positive activity so it does look as though it has further to go.
Can you please explain a little bit more what do you mean by this statement?

Yes, if you have a look at the chart, i've just highlighted the one bar that gaps down and takes out three weeks in one go. I think its called an engulfing bar, basically it looked like there was little support (you normally get a wick at the bottom, suggesting there is buying pressure still. in this bar there is practically none
the gap down also doesn't help.
what did help was the area of support. im very conscious that there is never a single line of support, its more of a bar/rectangle/area of support. in the one i drew yesterday, remarkably its completely contained in todays action. im a genius 
no really, im just looking for where support might come in to play. 
so now going back to the action, its pretty clear, a bounce today, thats great, but we want to see price now recovering past the resistance line. it could be that it will look to fill the gap and then drop, but lets not predict. macd is dropping, but not crossed yet, so still relatively buillish. 
take a look at the SPY, that has come into support also off a rising trend line..remarkable how everything often follows suit
anyway, hope that helps