A tech analysis just for you @tsuba.
Since mid-December there is evidence of gradual accumulation occurring, which is consistent with DB’s reference to institutional build-up. As the volume colour coding shows, prices have been raised on higher volume and pushed down on low volume.
The price pattern stands out as a flag structure, with a base at 36 cents and the flag defined by the 49-54 cents range. A close above 54 cents implies a break-out with an immediate target of 67 cents, to be reached within a timeframe similar to the 12 trading days witnessed for the rise from 36 to 49 cents.
You can hold me to in a couple of weeks after a 54+ cents close is achieved. We'll see how it goes.
Cheers
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