Saturday, February 13, 2021 1:54:56 PM
Support and resistance statistics make .09 look unlikely at least in the short term.
3rd Resistance - .1621
2nd Resistance - .1500
1st Resistance - .1422
Last Price - .1343
1st Support - .1223
2nd Support - .1102
3rd Support - .1024
To hit .09 we would need to see a 50% retractment from the 52 week high. Now that they are running 24/6 they will be able to report real production rates and revenue in the next couple of months. I suspect we’ll see enough positive press releases to buoy the share price until real production rates and revenue numbers can be reported. Assuming the reports are anywhere near projections these ultra low share prices should be in our rear view mirror.
Just my analysis with a little opinion stirred in for flavor.
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