NZC ta chart, page-130

Close up of the $NZC weekly chart.  Weekly charts help to remove a lot of the noise.

A few things to point out here.
1.  Last week we closed above the closes of the 2 biggest down weeks since the pull back from the test of the 200 weekly moving average (high was 48c in Jan).  This is significant and shows strong support for the stock and some strength to move above those two biggest selling weeks.  What is says is that shorters/sellers are losing the battle.  They had a prime opportunity with those large down volume weeks for continuation and to take the stock lower - but they failed.  This usually will result in a reversal.
2. The wicks off the lows below 28c shows buyers stepping in at those levels.
3. See how $NZC has been consolidating and forming a tightening range under the 200 weekly moving average.  This is constructive price action and signs of preparation for a coil to make a significant and convincing break up and out through that resistance band in the coming weeks/months.  I would expect that with the recent support found, we should expect to see some buyers step up and retest that 200MA level again.  Note this 200 weekly MA has been holding down price on $NZC since 2015 and it has become serious resistance to this stock.  Hence any future convincing move through it should result in explosive upside (imho).  
4. Lastly, this is a weekly chart.  The moves will come in time.  We may retest the 200 and fail again.  We may completely break down.  However, constructive action would see a tightening under this 200 again - perhaps a retest but with no big sell down, but a tighter hold below before some big news event stimulates enough drive to push it up and out.  Each sell down (in theory) the register on recovery gets tighter and tighter and hence less ability to move the stock down.  Ideally we would like to see that 200 weekly MA flatten out and ultimately turn to the upside.