TA discussion, page-4780

A different view from the daily perspective - the arm wrestle is still going on, looks pretty even so far. It has been going on now for close to 7 weeks  since the gap down on March 9th. So for starters the first milestone IMO is crack the 58 cent low from March 8th (see arrow) and when we do that it will be well on the way I think.

Buyers seem to have been participating aroound the 52-53 cents area picking up the crumbs for most of this congestion period and without making waves. Still getting the odd splash as someone caves and dumps from time to time on most days. However the buyers although low key are happy to absorb the offerings and kept a floor under the price through the whole period.

I have both the daily and weekly MACD histograms on the chart. The weekly shows the big picture steadily strengthening but softly and the daily although positive is going sideways at this point.

A day or two  and the fog should clear somewhat....

Daily snapshot