From a purely non-TA point-of-view, I think a spike in SP and...

From a purely non-TA point-of-view, I think a spike in SP and then a very gradual consolidation phase with decreasing volume means that the guys who bought at the top (4.7—5.0¢) are more or less still holding on to dear life. Usually if buyers come rushing in at the top like that, they're usually naive punters hoping for a quick flip, and hence why you see the usual spike and crash pattern in a lot of these small caps. When the music stops, those at the top start selling, triggering holders at the bottom to either top-up or sell to lock in profits. But so far I'm quite impressed with the new generation of holders. Seem to be holding on quite well... management should be happy with the SP performance so far...