We have a breakout to the upside of the falling wedge pattern, and a test of the breakout.
The monthly chart looks promising for a trend reversal.
The Daily shows price is above the 200 MA, and 20 has crossed the 50 and 100 with both trending up.
Selling has reduced after a strong rejection from cash value, and maybe why it has been bullish.
It's impossible to tell if the shorts will add on, at 0.15% (30th April).
If the chart fills the gap and stays above 5.7c (which has good support) then I think we are on for a trend reversal.
Ideologically I would like to think that the breakout and test of the trend line and 200 was sufficient to change course (RNU has been quite technically precise) but it has been beaten down for a long time.
Hopefully David might add some positivity on Friday with the update.
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