It's good to come back to previous charts and see what did or...

It's good to come back to previous charts and see what did or didn't hold up.
Ideally trend lines should change too much if they do it either broke upwards or downwards and there's a new trend.



I can see that the lower trend line continued to support and the descending triangle model held true.
It did break the upper limit but typically you need to close outside the trend for confirmation. This didn't occur and so price fell back inside.

1 break of the trend typically increases the chance of the second one holding as break volume supply exhausted.

I've noted the increase of volume on both support and resistance limits. You can see the volume increase in these instance. Our currently weekly candle is a fairly bullish one. tested lower support and bounced on volume and closing at same level or higher (see what happens today) means buyer support was strong.

My cross and circles in green indicate a break zone (x) and a target zone (o) for the price.
i.e. 27c break and hold brings 34-36c target.
Break of that zone and hold brings 50c target.

I'm also now noting a divergence on the RSI.
A divergence is when the trend is moving opposite to the share price.
In this instance you can see the RSI trend is increasing despite a lower S/P. This indicates a weakening bearish trend.

Impending news of the drill results and the extent of those results to follow will largely indicate the extent of the break in my honest opinion.

SF2TH