5 day high right about $1.30, took 4 days on below average volume to touch $1.11. Nice to see it pick up volume to above average and get back to a $1.30 in 2 days. Be even better to get back to the 1 month high of $1.84 (4 weeks ago) in 1-2 weeks. Bears will rant dead cat bounce and back below $1 starting as early as 1 day rise, but get even more common after 2-3 days. It's Pavlov. They are conditioned and trying to condition everyone to play the common cycles. If you do your diligence and have patience and intellect, you will use dips to accumulate. At some point, the highs and lows will both get higher. Looking at the 3 month chart, it's already begun, unless we go red today and below $1.10 this week. If this ever does go below $1,it won't be for long and will spike significantly in a very short time. At some point (this year) the Share price will be 50% - 500% over the 52 week highs. The longer we stay below $2, the better the chance of 500%. Hence buy on dips. I was the only 1 predicting $10-$20 in 2021 to my knowledge (before the stock even hit $2.50 and even some bulls thought I was crazy. The stock market is all about potential and making $, then protecting what you make. There is 0 potential currently in the share price. The news over the past 2 years (after the $29.44 spike on hype & hope) is more than sufficient to give this company a fair shot at significant growth and success, to at least have 2-3 times the market cap prior to the 20-21 3 months 1,400+% run. Strictly the monetary policy support nationally and internationally alone merit a higher market cap, add Exxonmobil project and Toyota COD and you can't rationally justify less than 2X previous MC. And they've had a whole lot more than that since February 2021. A TON more. Market cap lingered $6-$700M with around 320M shares at that time. 2X would be $1.2-$1.4B. Conservatively, $1.2B should be base support with a range up to high end of 3X or $2.1B. with current shares at 460M +/- 5M, support should be over $2.50 with potential for $4.60 high, RIGHT NOW, in a rational stable market. 52 week high according to Schwab, $4.36. So we already have clear potential to test new 52 week highs with a stable market, a good quarterly report (which is guaranteed), and 1 good analyst upgrade (because u fortunately, as most know, people often blindly respond aggressively to analyst upgrades and downgrades). Mark my words, Analysts miss this 1. It will hit $2 before any of them make adjustments. And they will make at least 2 upwards adjustments this year!!! TICK TOCK!!
Bullish
