Institutional support / share consolidation, page-22

Just a quick update, there are some promising signs at the moment; all very premature and nothing is confirmed as this could all crumble down if the results of the 4C is not as expected and the downtrend could continue.

Premature bullish signs are:

- Price action crossing above 50day and 200day moving average on the daily, need to retrace and bounce back higher to get the ball rolling.

- Price action breaching 50day moving average on the weekly. Retrace and bounce higher needed still.

- Long term down trend channel has been breached on the daily and weekly, once again we need to retrace and bounce back higher to confirm that it isn't a false breakout.

- First time we have breached the upper bollinger band (by a whisker) whilst in a downtrend on the weekly since Feb of 2016 as highlighted on the weekly chart. Would love to see the MACD on the weekly breach the 0 mark.

Next month of action will have us confirm the beginning of an uptrend or a false breakout IMO. GLTA lets hope its the former.

I would love to hear from other chartists if they are willing to take a punt.