After an initial breakout from a falling trend (further falling resistance on weekly view) we have seen consolidation and retrace but trading above the 200MA.
This support now looks solid and an upward channel building. The latest retrace to test the new support looks complete & we have a good entry point for the next upward swing which should be towards the 0.5p...
Looking technically here, I'd look to add at a break of the VAH at 0.4p with an eventual exit at 0.62p. Initially I'd expect further buying slightly lower, however, which is why I would look to enter a larger position at a break of 0.4p.
