Ok to me looks like a break of the Short term downtrend is on the cards today. My reasoning is this we have 2 similar periods of consolidation on the hourly chart below each was followed by a Surge in price movement as bulls suspected oversold I expect the same on this one. Secondly, we are very close to the short term downtrend line on the hourly chart ... Would not take much to push above it give the extremely low volumes of late. Why is there Low volumes simply sellers not willing to sell at these low prices. But why stop here as we are not key area's of support ? Well I reckon because folks are thinking that a RTO prospectus price is likely around this region give or take a cent or two.
On the Daily chart we have a Doji candle (circled) often signalling a reversal of sentiment. Again on the daily you can see a lack of volume down here. WE are extremely close to the bottom if not at the bottom.
RYG Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held