Downward Momentum has fizzled outMFI peaks and Volume were...

Downward Momentum has fizzled out

MFI peaks and Volume were weaker with each downward push, which shows weakness in the trend.

We tested 6 cents which triggered a surge in buyers and the depth flipped hard.

We've made our deepest push into oversold territory all year.

Volume is so weak at the moment which highlights that momentum has come to a halt and a reversal is imminent.

Once we push out of oversold territory we should keep moving up.

A positive announcement will be the catalyst we need to start the next run.