g'day strauss yep as suggested MSR will take a few days to...

g'day strauss yep as suggested MSR will take a few days to settle before direction is confirmed, Todays Bias was with the buyers, but didn't really retest the supply level above.
and was on insignificant volume Still a neutral outcome until a definitive direction is decided by others.

BCT. bottoms are not my speciality. the indicators I use are not set to pick then up or give any meaningful signals from Oversold levels so will revert to basic oldschool. It has been in long term, intermediate and ST down trend since March 2013. (So time for a change in sentiment?) Recent break to ST uptrend is supported on early volume spike (that 2.5 mil day at a higher level) suggests initial bottom is now as it now currently confirmed with bullish divergence which is positive. But IMO follow up volume and current price action is reaction of lows and value entrants only IMO because its on diminishing volume (not to be trusted). Expect overhead resistance at 9.5c or any spike through if it does to be a selling opportunity look for more sideways in the weeks ahead to strengthen a base and look for break out confirmation on bigger volume around 1st week March. Above is TA only and will be in complete conflict to an FA event that you may be aware of.