I tend to agree with the recent posts above. Sometimes we need...

I tend to agree with the recent posts above. Sometimes we need to sit back for a while and look at what the longer term picture is. As far as chart patterns go it has been in a large falling wedge since the peaks in 2020. The only outliers were the news spikes that weren't sustained.

Although still within the wedge until recently, it has been rangebound with nice steady trading between $0.5 and $1. Exactly what we want to see in order to reverse course, a "stage 1" if you will. I wouldn't even be concerned if this back tested the wedge pattern again but it would need to stay above the 54c low.

The inside bars here will be telling, but based on upcoming news flow I think this will breakout to the upside within the next few weeks.