The weekly was the first chart to indicate a change in character breaking out of a falling wedge around the same time as management changes. Increased volume pattern on the daily is encouraging especially since volumes can be zero to tiny on some days. Confluence @ 5.8c as the stock attempt to make its first higher high in over 12months also 200ema at same level. From looking at many similar charts over the years stocks like this often reject the 200ema price point until it has turned from flat to slightly rising (not always though), so could be case of consolidation around 5c before a more sustained move up. Either way the share price pain might soon be over.
RHT Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
