LOM chart, page-113

LOM



The reasons why I reckon the share price is moving up from here;

- Share price has touched a support line and is currently hovering around it.
- There has been decreasing volume and volumes are at lows now.
- RSI has decreased considerably and has past the RSI lows from before the uptrend.
- Share price has slightly just past the 61.8% fibonacci line and has come back above it. The sp seems to be resisting it.

I've also found this pattern of one large hump followed by two smaller humps to be indicative of a trend change previously. That is just my personal observations though.