my chart analysis, page-2

Good analysis Aman and thanks for the chart. Thought I'd add in my 2 cents worth and have concentrated on the weekly. Just too much sputtering price action on the daily to see for sure what's happening so thought I'd look at the bigger picture. I've marked where supply and demand have appeared and we can see some demand has come in at what we hope is the bottom of the downtrend. We have had some good sideways action as you noted that seems to be showing an unwillingness for the sp to go lower, ie sellers appear to be drying up and we had a test bar appear week before last. This is a bar on very low volume that dips into or within an area of previous high volume to 'Test" for supply or further selling. It is the way the professional money test to ensure that when the price is marked up it encounters little resistance, because they don't want to be taking the price up and have to buy lots of stock.

Indicators are tending to positive too. If we're going to see a move out of that trend channel well maybe we might be in for that this week sometime.

Let's hope

Cheers!