Heck, the actual median would be way too high to realistically expect it to be a target, these stocks that have been R/S so badly will never get back to some of their old prices. Split adjusted this was once trading in the thousands. What does happen though is they get pushed down so hard and wound up so tight, that they will bounce very hard when they finally break free. So while the actual median is pretty much irrelevant here, the fact that it's so far away means that even a bounce that falls well, well short, will still be a huge gain from these levels. The setup on this chart is awesome and based on that alone I think this can pop hard, but whether or not the run would be news based is going to make a big difference. For that reason I can't just give you one target price range I have in my head, best case scenario would be in the pennies, maybe even a GOIG like run to .05, and the lower end would probably be .001 - .002. Obviously it may never do anything, but assuming it did breakout here at .0004, that's what I'd speculate.
One of the things about plays like this is they tend to be contrarian in nature. As you can see from the sentiment from a lot of posters here, this stock has made a ton of enemies. As weird as it sounds, it's when sentiment is skewed that much to one side that you see the greatest reversals. Once everyone is in and you hear all the cheerleading, that's when you know that there are already a lot of people on board. My most profitable trades have always been when I was on the other side of the majority. With sentiment being so low here, you've had nothing but selling now for years and years. Short sellers undoubtedly rode this down as well, and they'll be buyers at some point too. This is why any positive news on a stock like this could potentially spark a major rally, all the conditions are there. They often don't pan out when you think they will, but patience has paid for me more times than not. Believe it or not but on chart setups like this, I will use the amount of bashing as an indicator for confirmation, the more bullish the chart and louder the bashing, the better.
