Right now with low volumes the share price movements are close to random. Clearly there is little in the way of systematic buying going on, some low key algo buying at times but not enough to make any impact so the price is going to move around one would imagine.
When the prevailing price action is in the doldrums like this usually the impatient holders start to float to the top and pick off any intraday moves to the upside. We are seeing a bit of that like on the move to 94 cents today.
However TA wise there is just a flicker of green shoots. The hammerish like candlestick (tail is a bit short) on the October 29th (3 days back) is a modest bullish sign followed by a bit of lower tailed candlestick on Friday and today we have completed the 2nd higher daily low and a higher high. Grasping at straws a bit but better than being the other way round. So we have a softish looking bullish reversal but I wouldn't bet anything too important on it yet.
Daily COB Monday
Right now with low volumes the share price movements are close...
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