next leg up

nice backtest on long term support at the $4.40 level. bought up yesterday afternoon creating a nice tail on the candle.

now we're seeing a test of the short term downtrend, and then hopefully a test of the previous uptrend... stochastics look set for a rebound.

a break above that yellow trend line should see it reach the top trend line eventually, around the $5.60 mark.  if it doesnt close above the current downtrend, it should continue to track down further...

hard to see that happening with a div on offer shortly. howerver, those escrow shares may be hitting the market...