Thanks for the chart @goodoh. I do not feel bullish as yet....

Thanks for the chart @goodoh. I do not feel bullish as yet. These 20-30% moves as you have already seen are simply counter trend rallies. They have happened before as well and I find it difficult to attribute it to the news (all the light rectangles). There have been many positive developments of late anyway. Yesterday´s gain of 20% for a volume of just 3M is probably short covering to some extent and some buying at a perceived zone of support along a downtrend line. NMT´s volume has been increasing yet there has not been a proper higher high/higher low for months now. Not clear if there is some kind of accumulation by an entity. The MACD divergence was telling a relief was near which eventuated in the last two days.
short term view: If price reverses at the upper down trend line at 0.66AUD then we expect a continuation of the same. Head down test 0.475AUD and see what happens there. May be we hold there. This is my feeling what is likely to happen. There are so many resistance levels now. It will be a while before we make our way back unfortunately.
Bullish alternative view: If it breaks the upper trend line and continues with a back test well and good. But will it break 0.66 convincingly? These straight lines up never work. But who knows the future.

The ultra long term inverted head and neck is interesting. Thanks for sharing.