Thought I would throw a couple of charts into this conversation....

Thought I would throw a couple of charts into this conversation.

Firstly, a three year chart on a weekly timeframe. The aspect that draws my attention is the massive MACD vs price divergence at the June 2022 and November 2023 lows - Nov 2023 was a lower low, but we saw a higher low on the MACD. This is usually a reversal signal. I also note that the current price is hard against the downtrend line since Nov 2021 - so is primed to break-out from this 2+ year downtrend.


Next on a daily chart, where you can clearly see how yesterday's close has this hard against the 2+ year downtrend - price action over the next week or so will be interesting. Should it break through, I think the first target would be seeking to close the gap that exists from November at the $0.54 to $0.58 level.