Updated with closing chart - still showing a base around 60 cents with a bullish looking candlestick piercing pattern today. However volume was strangely very low today so I wouldn't place too much credence in any TA except that support seems to be holding around 60 cents.
On a subdued day like today one can never be sure if it is not just an oddity. I have become conditioned to seeing some enthusiasm at the open followed by a reality check as the selling kicks in. An up day closing at the high for the day isn't too common these days.
The shorts for the last few days have been solid e.g. - 27/11 217K - 28/11 266K - 01/12 495K - 02/12 413K. Yet despite this the price has held up surprisingly well suggesting that there is good buying support creeping in around the 60 cent level.
As I have mentioned previously, it would be good to see a base build from here over time. This will help to progressively mop up sellers i.e. potential future resistance to any positive breakout. is minimised.
