chart starting to look positive again

FWIW the chart is starting to look good again.The 20.5c PP has been triggered once again and another buy point at 26c if not before hand on the possible neckline trendline breaking.

Or is the neckline currently forming (?)

I would expect that 26c mark to be retested shortly after the move upwards if the Bear allows such a move.

IF price holds above the 26c line i feel an impulsive move would be setting up for a minor 5 count with 1,2,3,4 then in place.

A corrective phase post such a move would then be in order which would have some form of time element to over come before looking for a major 3rd wave with 1,2 in place over a larger time frame.

There's also major PP at 1.30 to keep an eye on from a weekly longer term aspect.

Caveat:
This is only a view of the chart with nothing else considered.What will be interesting to observe is how the "Men in Black" treat this next week with the DJIA looking to have turned a corner and possibly about to go test 9000 after bouncing off 8000

PP