The big picture here has always been on the weekly chart (daily is just noise)..this very tight trading range is common at the end of a wave 2 retrace, just before price breaks out into a wave 3...wave 2 retrace ends with a Dbl bottom, the lower Bollinger band trends up in contrast to the down trending wave 2 and eventually shows a squeeze between the two..we have the double bottom here at around 07c (069 and 071)..the overhead trend line and the Bollinger band squeeze is getting very tight here now..only thing left is the trend line break imo....A couple of random examples below.
May Chart, page-2366
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3.2¢ |
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Mkt cap ! $107.8M | |||
| Open | High | Low | Value | Volume |
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| MAY (ASX) Chart |