Fuse Science Inc (DROP)

[Aksys]

It appears that the massive hammer that printed yesterday has not gone unnoticed. (Daily chart showed a large "hammer" candlestick, which is bullish and signals a reversal.) If this continues, the short-term chart will show that we are beginning to break out of a falling wedge we've been in for about a month (bullish as well).

I originally believed the downside could be as low as .13-.14, but after yesterdays action I highly doubt we'll see those levels. If we can make it to .19 and close there (or higher) sometime this week that would be big, and we could retest our short-term highs in the coming weeks.

When the news finally breaks that product is on the shelves at Dicks, I think we'll get another boost. I do think there are some people who honestly don't believe it's going to happen.. just like those who thought EJ was a phony product.

One other FYI on the chart -- we are still inside of a longer-term uptrend that began back in August. Higher highs, high lows, all is well with the chart.

Lastly, we are higher now than we were when the 10-K hit. Everyone already knew about the warrants and revenue figures, so the only real news that was in there was actually positive. It is nice to see that reflected in the share price. Let's hope it keeps going.