New downtrend on the daily chart has clearly formed.
Moving averages, slow stochastic, and OBV all confirm downtrend.
The question is when will it turn and break the downtrend, and at what level is it now a good buy?
It may hold and turn at 4.5 cents, or it may hold at the lower MA envelope of ~ 4.0 cents. If it does then the longer term trend is still clearly up.
Any chartists care to comment?
chart 23 march
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