Yeah I see it as well (Carlton 123 above as well on his charts).
Five day chart full analysis says bottomed out and reversal in play while the 3,6,9 and 12 months closing in on all metrics now from the main drop indicating a change is imminent. I can't say for sure but seems the short selling has levelled ie bang for buck on the last announcements has squeezed to the point it's probably too risky playing now.
Any fundies who were buying up on stop losses from retail clients have absorbed quite a bit of stock so could be a few more holder updates coming.
Interesting to see we had 1 1/2 million shorts yesterday out of 4 1/2 million in trade but the volatility wasn't there, soaked it up. Today though the trend took a shift which I am sure any one charting and watching saw as well. I've been waiting for this while correlating the LT charts for an entry point that has legs. We are still far oversold IMO, unnaturally so I feel some shenanigans have gone on here to keep the price down artificially.
That said, today is the first day that shows a decent sign of a reversal (on my charts and trades) and when that meets with the 4,6,9,12 macd\rsi, chalkins oscillator, etc I think we're looking at around 5 more trading days hovering with slight incremental closures at this stage, but once the daily close crosses the 13 then the 20 for 1-2 days it's going to giddy up, hold your hats then I think. That's the chartist in me ruminating.
Though on the FA I wonder if any recovery will stretch out to the November ann or alternatively market will move to reposition ahead of it. I think players will start positioning themselves now accordingly to be honest, depending on their viewpoint but at least on the shorting side and soak this appears to at least of close tonight to be reversing\end.
Might be the last of the cheap seats sold now.
Any DECENT full on chartists watching and care to chime in?
(DYOR this is not advice yadada.)
(20min delay)