OK, I had a quick look and yes, since the 15th March there is a...

OK, I had a quick look and yes, since the 15th March there is a reasonable attempt to consolidate, which if successful could see price push higher again in response, or at least try to......

However, not being familiar with the stock, what caused the sharp, high volume, price rise in January ??
It was a pretty serious event, whatever it was. It drew out substantial supply, but I don't know if this was likely to be stale supply from the left 'getting out', or was it profit taking from below (and therefore leaving no one in place to drive the stock any longer), or was it a re-capitalising event or something similar ??

In this case knowing more about the underlying stock and perhaps its capital structure seems pretty important.

FWIW, the broader 'line in the sand' looks to be 3.7cps, and the shorter term 'line in the sand' is probably 3.9cps..
A clean and clear break through these levels would be hard to recover from in the shorter term, and most likely see the trend continue lower.

cheers