All signs look to a dead cat bounce. Obviosuly everyone knows this has been trending down for almost 2 years.
This has no consolidation under the 32p resistance, a weekly close under the previous 19p support is not a good look.
Very good news was fomo'd into. Next news should be a while, things take time. Get a better entry in the green zone and wait for...
2 monthly rejections of the 3 year uptrend are not a good look.
Long term, the move looks more corrective than bullish.
All can change if we close back over the uptrend line.
Good that we have broken and closed back above the .382 Fibb, as that suggests we are might not just be dead cat bouncing. A push up in the next 5 days would be good just to make this...