Proxama had confirmation today that Darwin is out. From a TA perspective the timing couldn't have been better as the chart looks like it had already bottomed-out and was in the process of turning. So this event should help underpin the recovery.
Overlaying two fib drawings points to an initial target of 0.625-0.64, assuming the strong resistance at around 0.49 is broken. MACD confirmation in the next couple of days will help too if it breaks away above 0 strongly from here.
Overlaying two fib drawings points to an initial target of 0.625-0.64, assuming the strong resistance at around 0.49 is broken. MACD confirmation in the next couple of days will help too if it breaks away above 0 strongly from here.