Moya Asia - Accumulation

There has been a lot of accumulation for Moya Asia in the recent months.  The chart is in stage 1 (bottomed out and forming a base).

It is still in early stage, and could still take a while to move to the next critical "resistence" levels of 0.08, and finally 0.12.

0.12 is very critical and should it be able to go above this level, then recovery is underway with a projected initial target of 0.22.  

Here is the big picture (larger time frame):

Here is a close up picture (near term timeframe)

Just because a chart looks right technically does not mean it will work according to expectations all the time.  The current stop loss level of Moya Asia is 0.65, below which any near term bullish expectations will have to take a hiatus.