MTM Chart, page-1707

Here you are:
- Strong bullish divergence on RSI and OBV coming into recent move up
- Broke through first resistance (green zone), rejected 2nd resistance (red zone), retested 1 resistance and flipped into support.
- Clearly bounced straight out of that support zone which shows confluence with key fib level. Bounce was emphatic as shown by major bull hammer.
- Going back up to try and crack through red zone resistance and as it does OBV is strongly supporting the move!
- If/when it breaks through 7c that will mark the official change from it's long term bearish downtrend, into a brand new uptrend confirmed by the Non-Failure Swing reversal (since we will have a HH/HL/HH).

This will be immensely significant considering the long term fall this stock endured for so long.


Looking further left, if we are lucky enough to get really stuck into the new uptrend, next key resistance areas are 10c, 20c, and following that we'll effectively be in PRICE DISCOVERY and we are off to the races! Fib retracement zone based on the entire move down from 18c-2.7c low, is approx. 8-11c

Conclusion: 7c is key in order to mark the official commencement of bullish market structure and new uptrend. 10c will be key in that it confirms the push up isn't just a corrective move on a larger scale. If it get's past these 2 obstacles, 20c will be a matter of 'when,' not 'if' - GLTAH