Hi mate, first it is very difficult for a conclusion using...

Hi mate, first it is very difficult for a conclusion using chart, especially the stock with low volumes, but if you ask me still what the chart says, then I would be bullish as far as my feeling is concern.

1. We are at a verge of poping out of bullish ascending triangle, making higher lowes and rejected twice of straight line which is at 0.009, which essentially means whenever sellers tried pushing SP down, the SP rebounds making higher lowes and wiping out sellers dominance each time. Theoretically, it means that the buyers will break the straight line resistance at 0.009 eventually, as approaching towards the corner of triangle.

2. This psychology is supported by rising iron ore prices globally.

3. 50 DMA already crossed over 200DMA making golden cross.

4. RSI is consolidating or more appropriately coiling around 50s depicting a strong strike above. RSI also has been rejected thrice around 50s too.

5. The above all also supports not a small move but a big move in sp. Just my opinion guys, confirmation is always required but it is looking really good.