I've been a little quiet for a while, just waiting this out and...

I've been a little quiet for a while, just waiting this out and intentionally away to block out all the noise. Thought I'd return with a crudely drawn chart, feel free to critique.

The top chart is the past month, shows we are in an uptrend, however slight. We are leading up to the release of resource upgrade and it's going to be good news imho.

The bottom chart is the past year, imho shows three things;

First, the relative strength since about 26 January is heading upward. Coincidentally, this is the last long weekend in Australia and usually the very end of the holiday season. Traders, brokers etc are back in front of their terminals and I think for the most part we have seen this stock tick bottom out.

Second, this was way oversold in November/December. Way oversold. The share price is still hovering around the same price now. The difference is though we are approaching resource upgrade, no-one wants to sell and we have had board changes for the better.

Lastly, I point out what happened in the run up to the initial Jorc. RSI was strengthening and the SP shot up. We are now approaching resource upgrade and RSI is again strengthening. I will leave it to you to figure out what I think the SP will do.