hey sleeve, well all patterns, obviously, are not the same. But in TADF's case the cup pattern was pretty much as textbook as you can get. The left side started at .0045 and over the period of several months it formed a rounded, or U shaped bottom, the right side of the cup also topped at the .0045 zone. It then had a small selloff, which is consistent with trader psycholgy, investors that got in last year, or near the left side of the cup got out to break even, or close enough to break even. The stock fell fron the .0045 area back to the 200 day moving average at .0032. This is critical because it bounced off a key area with good volume, since then it has consolidated in this .0035 - .004 area to form part of the handle, the key area to watch is .0045 - .005. A breakout of this area, with heavy volume will confirm the breakout of the handle. With this breakout, you can expect, at the minimum, a breakout the length of the previous breakout candlestick. So in otherwords, the next leg up should take us higher than .0075. Like most pinks it usually overshoots to the upside, in this case the 14 day RSI has leveled off enough that it can support a move into the .009 - .0095 range. In this case it would need to repeat the pattern once again. Consolidated, get rip of flippers, bring new money in, and start a new leg up. This usually can take anywhere from a few days to roughly 20 trading days. Of course, all of this goes out the window if there is some merger news and details of merger. In that case we go parabolic and there is no telling how high we go. In all likelyhood, we may get a scenario like the one that Gerald (TADF's IR) talked about with Wolf, where the stock would be halted for an extraordinary event, and when trading resumes the pps would be adjusted to the .025 - .05 area. This is a strong possibility, and one that could come at any moment. Technically, this stock is trading incredibly, the daily and weekly look great, we just got a bounce off the 50 week ma, and like ive said a few times before we just got a 50/100 day ma cross today, next week we may see the 50/200 day ma cross which is extremely bullish. Trust me, advanced traders already have this in their radar, these technical milestones DO NOT go unnoticed. In any event, TADF is going to do what its going to do. But recent trading, buying pressure, and the MM's adjusting their ASK's upwards, suggests that we are close to another breakout. GLTA
