IMO the chart looks like a little guy day trader, with average daily volume at 250k X say .02, when the cup was working, is only $5,000 a day being traded, average. Since one should not trade more the 10% of the average daily volume, that's 25k shares for a $500 trade @ the 2 cent level. With an average daily price flux of 15 to 20%, one could expect $75 profits on up days and $75 losses on down days - round trip trade fees. Not a bad place for a little guy, that knows how to day trade, to go to work each week. If you can pull in 2 15% wins a week that's $150 bucks on a $500 risk.
It's all in the numbers and day trading skill.
Did some quick research on the company and it looks like the company operation and management is working it like a private company. Just earning a living from the present business. This is supported by both low trading volumes involved and the fact it hasn't had any funding dilution for some time. So it's a successful ongoing small business, with little desire/need or both, for growth funding. So IMO it's not a good candidate for swing trading. And since the 2 year chart shows the present .03 target, as a 2 yr high area, I wouldn't consider investing long at this point either. Buy low, sell high, thing.
Chart wise again; you need a long term perspective to evaluate the companies stock. No short term trading pattern. The long term technicals call for the resent move north to stall at .03 and possible retrace on investors. The problem is with such a small retail following, I doubt any investor could get any large sized position sold at .03 highs.
Technically, I will stress my doubt the price breaks .03. As the strongest resistance point for most all charts is at a reversal point or a point price has touched 5 times. And this charts resistance level has both.
Good luck with what ever your doing. I have no idea what that is though.
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