The price has found support once again at the 55.75 level and started a small rally. I am quite optimistic about this stock as it has broken its unconfirmed descending trendline to the upside. This could be the start of a bull market. It has not been easy for investors in this stock as prices have tanked since its listing.
Further upward movement will also be confirmed if prices do breakout of the double bottom pattern and make new highs. However, it is important to wait first as price will show its hand in good time