im expecting an explosive move here shortly from a technical...

im expecting an explosive move here shortly from a technical pov,inside days lower volume(fair enough,xmas),indicating indecision.. ,hammer low on 11th,engulfing candle 2 days later and doji,then long white candle on the 24th all =bullish.decent support @2.25.in solid downtrend,possible bearish penant type pattern forming,short term resistance 2.50ish.=bearish.over all a reverse head and shoulders could be in the making with the neckline being around 331/3.38.
fundamentally at current price is around cash in bank, a decent find by the looks,initial  6/8k boepd,a free carry on the nws,results due for the 2nd dst and possible takeover target,the later two would probably be the catalyst for the explosive move,and for me I think north ,a quick run up to 3.30 to form the head.I have taken a initial @ position 2.30 with stop now at a close below 2.25 and will add to the position when a close above 2.5 is achieved