As we can see from the chart above, double mount have formed from 27/05/2010 to 02/07/2010. A break below 0.51 as the support line gave a bearish signal to us. However, a bottom head and shoulders formation had formed from 05/07/2010 to 28/07/2010 and a break above on 29/07/2010 gave us a bullish signal. At the same time, a top head and shoulders formations had formed from 29/07/2010 to 24/08/2010. Again, another break below the support line of 0.52 of the head and shoulders formation gave us a bearish signal. On 25/08/2010, a potential morning star had formed but the confirmation of bearish has been made on 26/08/2010 which break below the main & important support line of the previous double mount I've stated above. From 25/08/2010 to 07/09/2010, a bowl shape has been formed but it retrace when it reach the previous support line which is the current resistance (0.52). This formation is potential to be another Bottom Head and Shoulder. Therefore, any rebound from 0.475 or 0.465 is a very good buying opportunity towards 0.58 (The highest price of the previous Top Head)
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