Hi Farmlife. I'm still on my L plates when driving these charts, but building confidence to go for my P's soon I hope. Your chart sparked my interest because I've mainly been looking at larger cap, higher volume stocks - they seem to respect the charting road rules better than most of the small ones so are easier for me to read. But this one appears a bit different so I couldn't resist drawing a few lines and comments below.
The other thing of interest is that last test bar on your chart shows a mid close with a low below 0.033, where mine shows a low of 0.033. My chart is ASX data from Trading View- does yours include chi-x perhaps or is something else going on?
Anyway, so I'll have a go - it looks to me like some strength has appeared in the background following the stopping volume late December, and the latest walk down to 0.03 that looks like a bit like a bullish flag (a bit steep perhaps?) may include more profit taking than committed selling. But like you say, the area it is in at the moment has been a long consolidation range so I think I would need some further confirmation to show it is ready for a further strong move up.
.
Hot Copper Charting and Chat, page-332
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