Hi HotNot a hell of a lot has happened really. There is some...

Hi Hot

Not a hell of a lot has happened really. There is some bullish RSI divergence between the 2017/18 highs and the recent high. In simple terms, it required less buy pressure to achieve 6c than it did to achieve 4c, that's an indication that lack of sellers has driven the SP to 6c, not an increase in buyers which is obvious when you look at the volume profile. Weekly RSI is in uptrend but we're still lacking meaningful volume, there is no interest in this stock.

I can see a fast move to the 8-9c area but then there has got to be some serious consolidation.

I'm struggling to apply Elliot Wave to this chart, anyone experienced with EW want to have a crack?

(The grey boxes overhead represent resistance levels and the green trendline going to the moon is a projection of the previous parabolic run in 2015 for reference)