this looks interesting...trend reversal?

Been a long slow decline for this one...

If it closes around current levels however, we are looking at a possible buy signal.

Firstly, the daily chart shows the price has staged a short-term recovery and is currently sitting smack-bang on the 15 day EMA...if this is breached (and holds) next session (ie 3.9 or higher), then a confirmed buy signal will be triggered...what's more, the daily MACD has turned up and should cross the trigger line next session if we see current numbers maintained.

Secondly, the weekly chart is showing a volume supported inverted hammer, which is usually a pretty reliable sign of a trend reversal...we will need to see the price breach 4c for confirmation. Importantly, the hammer has occured at (and respected) the bottom of the long term weekly trend channel, which started back in Feb 2003.

On screen looks like it will have trouble getting into the mid 4's...but you never know what might set it off?

Cheers!