MLD chart, page-42

Hello U......I have been monitoring MLD since 13/03.
As a consequence of near identical tops of $2.30c., the chart is not as straight forward as most to pick a trend.
The MONTHLY chart (below) pretty much illustrates RANGE TRADING since 02/11.
However, in the daily and weekly charts, the dominate indicator of a change in sentiment has been the HORIZONTAL support/resistance lines, generated from the initial down trend linear regression channel.
The previous break above the upper sd line was followed by a test of horizontal RESISTANCE @ $1.20c., and rejected.
89c. is NOW the key level for a further continuation of positive sentiment.
Cheers.