STTCOMP BMT, TA LONGThe share price has been in a downtrend for...

STTCOMP BMT, TA LONG
The share price has been in a downtrend for the last year and a bit. It has been trading in a downward channel. It has broken out of that channel and resistance line to the upside . A support line at 7 cents has been upheld for the last few months . the minor break of that support - 6.8c. produced a small increase in volume, and then the sp has put in a higher low. The prior high volume bar was probably buying , as the sp has not retreated further.  The sp could go up from here , even if it puts a dip in first .