Hummingbird Resources set to bounce from channel's bottom

Hummingbird Resources HUM is a gold miner, which stocks are traded on the London Stock Exchange.
It benefits from a very low valuation with a PER of less than 4 at the time of publishing.
After a lengthy consolidation inside a descending channel the stock price now hits the lower channel's boundary in a super oversold condition.
It is time for a bounce in direction of the upper channel boundary, before expecting a channel's break to the upside.