That's an interesting one. It actually came up for my mean reversion system with a limit order at 25c, mine hasn't been hit yet though.
Generally with a back test you'd want the breakout level to hold up as support, on the weekly chart below it will need to close above 26.5c tomorrow. Might be a false breakout if that doesn't happen. The weekly emas are looking good though and haven't crossed down, and the volume has been reducing throughout the consolidation, all good signs. Just need that sustained breakout.
Weekly:
The daily chart below has long upper wicks, so the buy strength just wasn't there this time around, too many seen it as a selling opportunity. If it is going to breakout, I'd watch the emas through the 61.8 fib level of this last retrace, if price goes without the emas then it's likely to fall back into the consolidation area.
