TA discussion, page-5015

There is a lot of price action pivoting around 54 cents going back to February so it wouldn't be a surprise to see some supply popping up - 54 cents is prominent on the chart from the early March period through to the 4C. on April 26th. There have been a few attempts to push through  54 cents in the last couple of weeks which suggests there is a bit of mopping up to do.

There is a rounding bottom pattern over the last couple of weeks highlighted on the chart which usually is considered a bit bullish too. A confirmed break of 54 cents would be significant for the overall picture.

Daily intraday at 53.5 cents.