We need to break the 15c mark to be confirmed bullish at this...

We need to break the 15c mark to be confirmed bullish at this stage (to be higher than the last high).



The Shorts seem happy to keep shorting at these levels with 12 out of the last 14 trading days being "short" days. Since the last "low" at 8.6c there's been:

8,888,832 shares covered at an estimated average price of 9.14c; and
5,530,194 shares shorted at an estimated average price of 10.22c

most of the covering was done 3 weeks ago towards the lows though, and has been dominated by a shorting trend now as we move higher. The big end are placing their bets. (negative news)




Positive news is futures and spot were up today, although a very volatile up and down environment following end of chinese-new years. With a trend yet to be confirmed.