Monthly chart definitely looks bullish
. We had a downtrend which started in March of 2014. Doji
formed right at support of the trendline
on low volume
showing that selling had exhausted.( Previous high volume bearish
candles were probably an absorption taking place) The next candle was also a doji
, since it had better volume
confirming a possible up leg. Initial resistance of 48 needs to be taken first and above that start should definitely see higher prices in coming 2-3months.