IMO - Some positive aspects of our technical position.We haven't...

IMO - Some positive aspects of our technical position.
We haven't closed below the long term support line so its still in play for a bounce. If it fails I feel 58 cents will catch it.
There was solid buying when the new found support was respected back at 37 cents in October 2021. I remember it well as I added in Super, trading & investment accounts. Ensuing bounce resulted in a 41% rise with 11 trading days. So am looking for a similar rounding bottom to occur here.
Few low volume tight range days / weeks.....
Solid gap to 85 cents which of course will be filled at some point.
Would be very interesting to see that 41% in 11 day bounce here with the 6% short positions in play.
Looming meeting with the medium term resistance for all time high - breakout high potential of occurring by end of December.
Im not blindly posting, I do realise there needs to be something to kickstart the move and am confident based on December historically has been a good month for holders. As always Im open to dialogue and opinions around this as its just the current situation as I view it.


Also is the below starting to look familiar? I put us as completing Wave 4. If this occurs, its put some old charting posts back into play.
If I was short, I would be running a tight stop.