Daily Positives Volume remains low, well below the 5 day avg...

Daily
Positives
Volume remains low, well below the 5 day avg vol.
The base of the projected range appears to be holding (0.079 – 08) after dipping below with low vol.
The close was in the higher end of Frid range
Stoch 5 & 14 have turned up & are above their avg lines.
Frid low was at a prev reaction line.
Histogram is rising (bullish divergence ?)
MACD is narrowing

Negatives.
The stoch’s are in the oversold area
MACD is trending down

Outlook
Once again it appears as if a shakeout is about to happen.
My model shows the potential for a lower low than Frid close, possibly a continuation down to the projected low of the range around 0.07

Another dip below the current support may happen initially but I think we will see a rally & retest of the S/T resistance around 0.083 where the converging trends meet & up to 0.087 during the week

Current support is 0.079 -0.08 then down at 0.075.
A close below .08 would likely result in a low down around 0.075
The manipulators are still trying but no one is selling.

Weekly
Positives
Stoch 5 is narrowing
Lower volume than the prev week & below the 5 week avg
We are still in a S/T up trend from the May low

Negatives
Stoch 5 is trending down & its avg line is crossing the oversold line
Histogram is still trending down
MACD is flat & returning to the sig line which is still rising
Made a new low (5 in a row)
Close was at the low end of the range

Outlook
My model shows the potential for a lower low than last weeks close.
So, I expect to see a retest of the weekly support around 0.073 – 076 (the base of the projected range).
If that fails then 0.07 is the next likely target.
Weekly resistance is around 0.087 & the convergence of the rising & falling trend lines.

Momentum does appear to be slowing but there are few signs of an imminent reversal if just looking at the indicators.

If we are to wait for another 3-4 weeks for the permits then I would expect to see the down trend to continue.
The right announcement will see us back above 16