Daily 12 April Positives Stoch 14 is in the bullish zone above...

Daily 12 April
Positives
Stoch 14 is in the bullish zone above 50
Stoch 5 is in the bullish zone above 50
Histogram is still rising back to zero
MACD is flat & has returned to the sig line

Negatives
Histogram is below zero
MACD is just below the sig line
Stoch 6 has crossed below the sig line
Stoch 14 has turned back toward the sig line

Outlook
There is little change in the chart from last week with the indicators retaining their positive outlook.
The trend is slowly rising & the sp remains in a very tight range.
Support is currently around 13 & resistance around 14 & the effort to hold back & limit any attempt to break up while soaking up anything being offered by the sellers continues.
Other charts such as the daily with the MMA series is imo very bullish looking.

Volume remains low & shorter’s are still in the mix & there has been a pause in closing positions since the 27 Mar. & as reported up to the 8 Apr. but we all know how reliable any reports regarding shorts is.

So, what will the coming week bring?
Will we get nothing?
Will we get the permits?
Or a project update showing that they have fixed the issues & have found an acceptable level of performance & production that can be built into the next 10k expansion phase.
Nothing can ever be perfect, so will “near optimal” be good enough?

Weekly
Positives
MACD is above the sig line
Histogram is above zero
Stoch 14 has flattened off & is moving back to the sig line
Last week saw the candle move through the projected down trend & make a higher high

Negatives
Stoch 14 has returned to the central area around 50
Histogram is trending down
MACD is flat

Outlook
Last week’s candle & the series of small candles makes for some visual negativity atm but I think that the market is just marking time.
Support is currently around 13 & resistance is open up to around 17.
Either of the next expected announcements could easily see the sp up & beyond that.
Likewise, any negativity around the next project update could see the sp back down around 11.5 – 12
Sit back & relax.