Well I'll revive an old chart thread rather than creating a new...

Well I'll revive an old chart thread rather than creating a new one.

I always watch for OBV to see whether there has been signs of accumulation. With construction going on in the background, I suspect the gradual fall in SP would have something to do with lack of news flow. I'm getting some broker data this weekend so I'll find out what's going on behind the scenes.

Price is currently following a short uptrend. I'm guessing this will max out at the upper downtrend line where the 200MA is, before most likely falling back to the bottom of the darvas box at around 8c. With the SPP at 7.8c too, it may help with that theory. Daily OBV is looking great. That's something you can't hide. There's a lot of white noise in these threads but there's some things that are clear.



Here it is zoomed in

50MA and 50VWMA are around 10c so that will provide first resistance. It'll be interesting to see if the price can break through that and on to the upper resistance line.

One important thing to note is the volume has increased significantly in the past few weeks. Broker data may confirm suspicions.

There is also a gap below at 6.9c. That can never be discounted.