early signs of a momentum shift

Short term downtrend starting early Jan has followed all the rules with lower highs and lower lows. Finally seen the rules get broken and we currently in the last leg of a classic 1-2-3 trend change.

Higher high on feb 27, higher low on mar 13 with first signs of a bounce off the 61.8 fib support. The upward shift in market depth has been fairly visible on the last couple of trading days and bodes will for another run to 4c. If it breaks 4.2c that will confirm the trend change for a target of 6.1c

Though given how news driven bio stocks are if we see any announcements then targets are probably out the window.

Will be watching closely