Bot Chart, page-12575

Had to change to an hourly chart, but more has been revealed.
Significant rejection of 31.5c (serious volume that morning aswell so its a shame there was no follow through.)
That night the updated broker report came out and I believe a few eager souls bought the stock back up to 30c only to be rejected again.

The hourly chart below shows the two rejections - bought up in morning - and slowly back down for the rest of the day.
However, the chart is showing a 2 consecutive higher lows, indicating buyers are willing to step in at a higher price. The downtrend stalled at 28c and today the buyers took over to break the trend. In the short term it looks like more uptrend to come. Important to note the shorter the timeframe the less confidence I have in the move to follow.

Regarding the two cross trades today, I dont think it indicates higher or lower prices, just two entities willing to swap alot of shares for cash. Some would argue this was at a discount (28.12 as opposed to the 29c close) - however, this is not an instant transaction and would have been organised yesterday or early this morning where the price was hovering around 28c - so Id consider this an "at market" buy in.

Regardless, interesting day ahead tomorrow

Jake D