I wouldn’t be so sure. It’s very much 50/50 at this point (on going up or down short term), given golden cross and still above bull market support band and up trend channel suggests up trend but on the flip side - the head and shoulders, the bear flag that normally break down from this point and based on yesterdays volume the break up looked like a fake out, and if the wyckoff accumulation does develop further - 0.095-0.125 can very much be on the cards in the short term if you project the accumulation pattern forward, but I don’t think it will last long (weeks/month or two, not years). always important to look at both sides/outcomes and not focus on one particularly in this case that is showing about 50/50 the market doesn’t know what’s going to happen to this one but in a couple of months I think it will… and if Wyckoff accumulation confirmed and or once the macro downtrend line is broken (which it tested and failed down on the 29/10 late Oct) would be best opportunity to accumulate a long term packet (to hold for a year for cap gains tax break) as think we will peak 1-2 years from FID or about 12-6months out from first production). All that said - this could also be the fake out/last test down… its too hard to tell with small caps it can be very volatile and jump on random news but it did look like buying volume had dried up and was sitting tight until there is financial clarity announcement (why my bet is to hold with cash on side lines ready once hard signals are triggered, given the planned news flow the revised financials will likely trigger the final break down… as they will only be announcing how much they need to build it not how they are filling the gap… once the gap fill is announced that will bring clarity. (And when you map out the accumulation pattern it’s funny how it lines up with when each announcement is expected over the next 1-4months…). It’s just too early to tell.
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