For me; The first move consolidation occurred from Nov 8th 2017...

For me;
The first move consolidation occurred from Nov 8th 2017 to Jan 18th. Current consolidation has been going on since mid Jan. It has a support level of 1.2c with near term resistance at 1.7. A failure of 1.2 may well setup for a drift to .05c . Short term money flow is negative at the moment since 15th May. In contrast mid-long term money flow is just positive and holding. With directional trend coming off over bought. CTM remains a cautionary buy at these levels. However, close attention must be paid to the 1.2c support line. You can wait for 1.2 to be hit and hold as support. A weekly close below 1.2 will set a cautionary sell signal. Much of this is indicative of many holders selling into any buying pressure. When you look at the weekly volume against the daily price movement there has been and remains to be a pattern of down days with strong buy volume. The CR off the back of the options will have an impact on the price. Week ending of the excise date 30th April close 1.4c with 65m traded that week. Week following 4th May close 1.6 with 208m traded. 11th May close 1.6c with 76m traded. 18th May close 1.4 on 84M traded.

I would like to the see the 1.4 hold as support from the 30th May. Personally I think this week will close at or below 1.3 as we have touched the upper band of the BOL 20wk 2.1STD and pulling back to the 1.3-1.4 WMA for the BOL. This is a good area for the stock to find support if this trend change (started back in Nov 2017) is to continue.

What I like at the moment is the price did not run over the last three weeks. It stayed inside the BOL bands but showed signs of strength with a pull back correction to pick up more players. However, this is now show time for the stock. Where it must pay for its keep.

What I am concerned about is this recent piece movement has been orchestrated to encourage the option holders to convert "CR". Only time will tell which is in play.

MY 2c worth. DYOR