Our five plus month pure down trend has been broken on low volume. This is a result of the high volatility of a relatively new public company but also shows the the two main sellers have exhausted their positions, the first being a Canadian holder who dumped between November and January and the second I believe being an entity who acquired approximately 4m shares via block trade at 7.5c some time late last year, though I cannot confirm this last one.
MACD is shaping up in to positive combined with trend break indicates genuine buying interest. Let's see how it soaks over the next couple weeks with a test around 10c. One to watch
As a fun aside, see blue line below. Do we have the ultimate cup and handle 45c target forming?
