I've tweaked the upward channel slightly (the mid-line didn't...

I've tweaked the upward channel slightly (the mid-line didn't line up exactly in my existing channel, but now it seems quite neat).

So the overall story hasn't changed (see my older posts):

1. Moving along the upward channel
2. Busted up to 37c, but then faced resistance
3. Came down, and retraced around 20%, which was fairly standard for AT1 if you looked at recent retracements
4. Retracement ended, I updated channel and it definitely looks as if we have been supported (quite strongly) by mid-channel

Over aspects to note:

• Good news from fundamental side (usually good for a more sustained impulse)
• Volume spike today (good)
• Golden cross confirmed (50 day EMA crossing over 200 day EMA) (good)
• MACD has been whiplashed back into positive momentum (these can be quite an impulsive sign), and could mark a higher low (good)
• RSI seems to have confirmed a higher low (good)
• Institutions have been accumulating during September (good)
  

In terms of negatives, I can't really see too many on the technical side (from my view of course). There is a resistance zone around the 40c range, but I'd imagine those who bought in at 40c and still holding are typically holding out for the longer term, and the weaker hands would have sold out on the decline from 40c to 13c (was a pretty brutal decline)