ElfyThree current charts below.first daily over last 6...

Elfy

Three current charts below.

first daily over last 6 months
second weekly over past 2 years
third monthly ovver past 5 years.

Read more below.

I would not get too concerned about the daily at present and todays action. In fact todays action was very positive because the close was back at 2.2 cents.

Daily chart is bullish and in an up trend.

In support of the overall trend, you need to look at the weekly and monthly charts over longer periods of time.

Weekly - MACD has crossed to the positive side, chart is in a breakout on tight bollinger bands. This is similar action to the failed breakout in April 11 which was also on volume.

So why is this one different or has the potential to be different?

You need to look at the monthly chart for that answer.

In April 11 the bollinger bands were wide apart and the MACD had not crossed positive. Now on the monthly chart, tightest bollinger bands ever, MACD is positive and last cnadlestick is very bullish on volume.

In my opinion, there is the potential of huge upside given how these three timeframes combine and support a bullish trend.

Please do your own reseach, this is just an opinion and I have been wrong before.