Mini cup already formed and now trying to form the handle. Big Boys bought during late morning and just before half trading day closing at 12.30pm as indicated by the Volume Distribution chart below. Need to clear 16 cents resistance to confirm handle formation. Breakout above 16 cemts will propel price towards next resistance at 18.5 cents.Closing price 14.5 cents is now resting on 20 EMA suppport line. Next support is 13 cents. Support failure here will retest 11 to 10 support zone. Monitor 50 EMA and 200 EMA support lines.
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