CYM has broken out of the major downtrend. Has hit a resistance...

CYM has broken out of the major downtrend. Has hit a resistance level created in August/September 2022 when Glencore was holding CYM's feet to the fire with an exclusivity agreement for offtake. SP is currently trading above the 20MA & 50MA which is considered bullish with both turning upward. Another point to consider would be that institutional investors might like to keep their powder dry until the finance is completed, being risk-averse with global tensions currently. So we might see some further sideways action for this week & next week. I find it encouraging that the institutional investors have not sold off at the resistance level meaning they are actively keeping an interest on current proceedings

Note the falling wedge from 11c with a lower breakout to failure, subsequently pushes up strongly is a strong exhaustion move. CYM chart is beginning to look a lot better.