OCC chart, page-1780

I started having a look at the pro-real time charting program. This places some automatic support/resistance lines and also trend lines and channels. Now you can see why it stalled at 58c. A trend line that I have never seen. There is also a support below at circa 55c. 3-5c trade.... no thanks.

The thin blue lines are the 5 and 9 SMAs. Good runs upward generally find support at these MA lines. Daily MACD has swing up and above signal line, Weekly MACD is primed to cross and run.

Support and resistance arrows added. A major resistance I have been charting is the 62% fib level at Circa 48c. We took two hits at that before punching through on the 3rd. It then took 3 to 4 tests back at this line to prove support before reversal and upward trendline support. And now, here we sit at 57.5c, will the 3rd hit punch through also.

Downward scenario:
Retrace and support 54.5c???
Support at 5 or 9MAs in the coming days???
Or retrace and support at the lower trend line???
Worst case, they all fail and break 47c area, also the current 200MA.

Upward Scenario:
We bounce of one of the above supports, then break 58c. If that happens surely the upper trend line will also break, and then should turn into support. This leaves a resistance at 64.5c with a rising wedge as support (upper trend line). Could be a pennant forming after all that and then min target of 80c short term off that alone.

GLTA