count down to drilling, train to leave station, page-5

Here's some charts:

Price has just broken through the short term trading range of 28 - 30c. It needs to close above 31c IMO to move medium term which is the previous short term high. If it can do this, 4c will should be the next test.

Most of the indicators are pointing to oversold and turning up. Daily stochastics has gone flat and looks to be starting to turn up. Weekly stochastics looks over bought, but is not turning down which is more important IMO. As stocks trend up, stochastics can stay overbought for a long time.

Accumulation distribution is showing postive divergence.

Daily Macd is about to cross up and go positive and also there is a breakout on the downtrend of the histogram.

Weekly Macd has turned up and the histograms are showing a positive trend getting shorter every week.