OOK to break out of bearish trend?

Has been trending down since the start of this year, failed several times to break out of its trend. Seeing some flattening off on low volume, then the market testing it to go lower but met buy some strong buying today. It's a good sign, but still got some way to go to confirm. Looking for it to ouch above it's 20DMA.ASX:OOK

Komentar:

Should update Ookami are in Trading Halt, depending on what come out of that could go either way, makes this chart potentially null and void. A couple months ago I would have expected a solid pump on good news, but the whole block chain sector has been very deflated recently. Rightly or wrongly crypotocurrencies have a big effect on investor sentiment towards blockchain, and their continued slide is providing a massive headwind to a number of companies that were running on mere rumors of blockchain associations.

/endrant