TA 101 is all about identifying REPEATING share price patterns/trends.....and the above chart, posted on 12/11/21, is a classic example....that 96c. down side repeating range did just that.
Below is the WEEKLY lr chart from the 18c. low on 16/11/2001........highlighting (among others) the MAJOR horizontal SUPPORT level @ 55c......the consolidating baseline for the recent break (upward).
Confirmation of a sentiment/trend change would be consistent closes that respect SUPPORT above the WEEKLY lower (up trend) lr line....which this week is @ 75c.
The next TP/resistance test is @ 90c.
Cheers.....and keeping in mind the closing price is the one that matters.
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