I gave Patience a "Great analysis" click this afternoon. I tend...

I gave Patience a "Great analysis" click this afternoon. I tend to agree with him re News as I've seen this type of price action on 4DS in the past.
Expect some news soon! But not necessarily good news. Someone knows that there is a new announcement in the pipeline.

This mornings price action has taken the SP to above the 50 SMA level for the first time since early May 2019. My trend indicators are showing an early trend change to UP. This potential trend change needs to be confirmed. Above 5.7c the next level of resistance for me is around 6.8c. This level is the Close level of the High-Volume Close from back on 20/06/2019 and is also very close to the Fib 50% level of the retrace of the downtrend from 8.5c to 4.9c. I don't pay that much attention to the mid-range Fib levels but have found that the Fib 50% levels are really ones to watch closely.

Looks like those momentum divergences I spoke about have finally come into play. That's what I'm hoping for anyway. I'll try to post a new chart on this chart thread later.

All IMO - good luck everyone.