Institutional support / share consolidation, page-20

If i could hijack this thread and provide some charting commentary out of sheer boredom. I've adopted a back to basics charting with the absolute bare minimum. It would appear as though there is heavy resistance at 3.5-3.7cents as set out by the 200 day moving average on the daily and the 50 day on the weekly.

As I have highlighted on the daily chart, there have been two false breaks of the 200day moving average on the daily so that is something to look out for. We need a move to high 3's before a retrace and a move past that to have any hope of a trend reversal. The daily paints a picture of hope, if we are able to make a meaningful move past 6cents and hold we might just get a golden cross on the daily. The weekly however is quite sobering, we appear to be some ways off any true reversal in the down trend sustained since 2016, only a fundamentally meaningful announcement can shake the boat.

Targets are 3.5-3.7cents for the current move. Hopefully a consolidation and a move past that to give us what we have been missing since 2016. Anyway, this is from sheer boredom so take home what you will.