Unfortunately I cannot put the chart into this message, doesnt work, but here the comment. It is based on a weekly chart going back 2.5 Years.
Read the comment and let,s follow the script:
PSPF is preparing itself for a breakout. Let,s observe some points, which could support this theory. The upper scala shows the money flow, turning up from an extremely oversold level, seen the last time in November 2008, from where the stock rose from 0.0125 to 0.30. However at that time – see lower scala, the Accumulation/Distribution Index was neutral at best, whereas today this index as well is turning form an extreme level, being in Synch with the money flow. Further, the base-building during 2009, shows a huge formation of a so-called Head – and right Shoulder with the middle point at 0.10 and the neckline around 0.30 – see arrow. In short, a break with volume out of the middle point at then would have enough momentum towards the 0.30. Now of course, if the 0.30 is broken, the mathematical target will be at 0.5652, whereas the so-called channel target is around $ 0.90 (Close to the old high) From a fundamental point of view, some figures to put the technical targets into perspective: As of today, the capitalization of this company is $ 5.5 Mio. At 0.30 it would be $ 16.5 Mio and at 0.5652 = $ 31 Mio. Based on what the company has built and based on their 2 brands and the product line overall, one should assume, that the present fair value would be rather closer to $ 31 Mio versus todays capitalization.
