My momentum chart on the daily shows a bullish bollinger band squeeze with buying momentum coming into the stock. This suggests that supply at the current SP is drying up and has absorbed quite a bit of selling pressure without declining further in value. The larger dip in the CMF (which measures relative buying/selling pressure over 20 periods) recently shows this "spring" effect.
IMO momentum is reversing and Seagull's bullish trigger line could be tested quite easily.
$590m cobalt, copper and gold in the ground., page-13
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