Coiled Spring

Coiled Spring is exactly the right terminology PeterFred (as mentioned in his post on other thread)

As built up spring in fundamental progress also can transfer to the chart with a "spring"

And that is exactly what we got on Friday - a higher volume flush out below support in the 10-11 cent range

We have been in a nice accumulation channel between 11-16 cents for over 6 months building a cause for the next leg up.

Fridays action was a "spring" bar

Last good spring we had that broke support and cleaned stops was on Sept 18th 2014 which resulted in a rally back to the top of the trading range at 16c

This latter stage spring in the accumulation phase will look to be followed by a stronger move upwards that breaks through the top of the trading range followed by a back test into old support - Then the new trend will have begun

Also of note is that we are entering the converging point of the long term downtrend as well as the lower range of the accumulation channel

Only need to watch the trading action, bots etc to know there is non retail at work here - Their operation is to bore the bulls and suck their shares over a longer period of time has been happening since markets began

Company progress continues to increase

All IMO