Chart updated from the last one posted on 6 Jan 21. The delay in getting the drilling permits has most probably contributed to the sell of we saw. It appears that the sell off climaxed with 8.3 mil volume on the 19th which was confirmed by the volume drying up yesterday and the price action formed an inside day indicating a possible trend change. Support at 1.9/2.0 held as buyers was stepping up to the plate.
A minor positive divergence has occurred in the last week also indicating to a possible change in trend.
Some good news will be most welcome. The major resistance level to overcome lies above 2.5 cents . A close at 2.3 today will be great. GLTA
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