Hey Bobby - the 'longer term trend' I'm referring to is the price action since the 14.7c low in June 2014.
Since then we've had a 'higher low' (at 16.7c in Dec 2014) and a 'higher high' (at 56.5c in June 2015).
My guess is we've just seen another 'higher low' (at 20.5c earlier this month) and we're now heading up to test the previous high at 56.5c.
No certainties in any of this, just my interpretation.
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