Be careful: this is a low cap stock and the analysis below is purely technical. Please check fundamentals of the company.
1 - After a period of accumulation (high volume on down candle but little downswing and tight closures), we have an up-thrust on ultra high volume that closes on its low but next candle is up on high volume: supply/demand dynamic is changing in favour of buyers 2 - The resulting uptrend is on low volume and candle number 2 is an up-thrust on low volume: lack of demand. Buyers are not ready for higher prices yet 3 - Again, lack of demand 4 - Strong rejection to new lows: reverse up-thrust on ultra high volume 5 - Failed test: previous bar is an up-thrust on very low volume, a test of demand, but candle 5 closes higher on increasing volume. This candle closes in its middle: sellers are still present 6 - Price retraces to find out the strength of the selling pressure but the retracement is on decreasing volume and candle 6 is a test of supply 7 - This candle confirms the test: it closes on its highs on increasing volume, a good long entry