Hi There, I've got the chart a little different. (No one answer...

Hi There,

I've got the chart a little different. (No one answer is right either just a different take).

Also it's my understanding that recent supports hold more 'weight than previous. Essentially, i draw the trend lines back from recent supports first.



So for me i have the long term trend line breaking down (BD).
But positively the double bottom shown correlating to Stochastic bottom is what looks in play.

I do agree with the target but needs to get back above that long term trend line first.

Curious though for the Fibonacci lovers, perfect .382 test at 6c from highs to low.
A break of 6c would bring 7.4c as the next target.

First things first. 4.1c needs to go and on volume. Ugly if double bottom breaks downwards.



Looking shorter term to daily. See the large volume bounce at 3.5c/3.6c which is the double bottom bounce. 4.1c is first target noting that the larger volume rejects are at 4.7c.

4.1c first resistance, 4.7c will be a stronger resistance given the volume.
Then agree nothing really holding it back from 6c.

Noting MACD is in a stronger position here than the previous run to 6c.

All T/A no fundamental view taken here.

SF2TH