G'day kids, aforementioned chart. [ATTACH] Keep in mind aside...

G'day kids, aforementioned chart.

Keep in mind aside from the name, i know sweet FA about CTM.

So this chart is in the weekly view because I feel it captures the action best. There is a trading channel that defines the movement (blue and orange) and the movement is based above and below it. In the immediate term the price is likely to drop to the lower orange trendline but it wouldn't surprise me if it held her given the drop off in volume at this level. However given the previous rise I'd say there are a few players holding some heavy bags (I'm one of them) wondering whether or not they could go and win their losses back elsewhere.

Aside from any pop that comes from surprise news (and those drill results weren't enough to do it) I don't see any upwards movement in the short term but long term there is an upwards movement if you look at the trading channel.