"...Pausing and pulling back within the corrective phase the price suffered from the combination of overspent momentum and the achievement of an upside objective. Locating support around 10c the price has oscillated in a range up to resistance around 20c. The recent three day test of the 10c support has seen the price rebound within the range with the prospect of a retest of the 18-20c barrier zone.
While it is likely that more action maybe required within the phase to support a breakthrough, it is not impossible that this may occur sooner than later. A rise through 20c would need a confirmation move above the 23c higher to signal the next main advance for the stock towards 30c and potentially towards 50c."
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