My inkling is that the down trend may at least finally be basing...

My inkling is that the down trend may at least finally be basing and churning. Somehow I feel like there should be more time to churn through the effects of the WA slowdown, but given the market is forward looking this may all be priced in. I also note that the 10 day SMA has crossed over the 50 SMA, curious what others use, but combine that with MACD's that is finally looking to cross back over positive it is looking more positive than the downtrend that continued to persevere all the way down past $1.

Don't know if it is too premature calling this the bare bottom, but one would think it is surely getting closer.

There also has been some more mid 84-85 volume in recent trading sessions..

THe questions now to me is what will drive the next boom or uptake of employment in WA? Another mining revival (to a smaller scale) or will WA finally be able to pull out another area of specialisation which I cannot currently fathom.