If I was in a risk-taking mood I might buy this due to the RSI breakout but it would be a risk as price got rejected from the short term downtrend and the main downtrend is still some distance away.
The gap at 5p got filled nicely and there's been a decent bounce to produce that RSI breakout so a close above 6.65p (the previous high) would give a higher high after the higher low at the gap.
There's still that downtrend and 7.88p to deal with but it might be starting to get interesting here.
The gap at 5p got filled nicely and there's been a decent bounce to produce that RSI breakout so a close above 6.65p (the previous high) would give a higher high after the higher low at the gap.
There's still that downtrend and 7.88p to deal with but it might be starting to get interesting here.