purely ta

Lum has enough vol to warrant this perspective.
Fundamentaly I dont like it.
However, based on daily close,its trading in a shorterm downtrend channel within a medium term downtrend channel with a recent bounce today off Mondays close of $0.305, also the lower point of its medium downtrend support line.
On the upside, short term resistance(Strong) comes in @ $0.36. Breaks that and anythings possible, then back into the mid $0.40s before it tackles the upper resistance line of the medium downtrend.
On the downslide (sic) strong support @$0.26. Breaks below that then its heading back to a $0.05-$0.10 trading range.