Howdy all, Posting my charts/TA and Buy Signal on this stock,...

Howdy all,

Posting my charts/TA and Buy Signal on this stock, haven't seen any recently...

Context: No surprise that SP has been in a down trend for the past few years as with the majority of commodities and related stocks. Flattened out since Mid 2014, testing lows of 2c, (my charts also show a low of 0.2c June 2015 but not sure if that was related to a corporate action?) before coming back from the dead to find some SERIOUS VOLUME end of 2015 above the 3c mark. Shortly after made the move up to 7c. Since then it has retraced quietly with low volume until June, 2 months ago. CLEAR volume increase, biggest volume node in the history of CZL, I can say that interest is back in this stock!

Charts: Pattern traders can see that we have a double bottom forming, but my particular entry shows a shorter-term inverted Head & Shoulders pattern (started 15th July, neckline only just breaking out today)

Trigger: Buy signal as above, but the huge volume node, and volume spikes with little price volatility suggests clear accumulation, possibly the use of sophisticated orders, instos etc.

Depth: Currently 1.5 bid to 1 ask, not heavily bid, but it's early days, and as momentum builds, I expect to see the bid ratio go beyond 2-3.

Shorts: To ease further downward pressure, there are no short positions open as per ASIC last week (http://asic.gov.au/regulatory-resources/markets/short-selling/short-position-reports-table/), however, Shortman (http://www.shortman.com.au/stock?q=czl) tells me that a short position was open yesterday! It's for 2000 shares, I'm shaking in my boots (just kidding, I'm long a lot more than 2000). Also, more importantly, something tells me that this short position is currently experiencing a good amount of pain today! Every short is a future buy.
Lastly, none of my brokers offer short selling on this stock.




Thanks for your precious time folks, feel free to share any info, whether fundamental or technical, all is welcome.

Cheers.
GLTA!