Thursday, March 28, 2024 12:51:34 PM
The price is also bumping up against waterboarded baseline uptrend from March/April 2020 which MMs want it under to prevent any confidence in the appearance of and that’s currently between $.61-$.62. This puts the bull wedge, long term uptrend and MM desire to keep price low while we wait at odds with one another. MMs have had their way with the continuation of the bill wedge while we wait and dilution continues from converted warrants and C shares being sold. Delays with news may allow for the $.40s to be tested again unless someone starts doing some serious accumulating or covering out in the open. If there is a move to discovery in the court case my guess is that covering might begin in earnest and a breakout occurs. In my opinion it will be up to longs to prevent that from happening at lower prices than approval and other moves will take this to by year end. Best wishes.
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