I don't know. Since the fundamentals are in place, the stock is trading by the chart in an upward channel using supports and resistance as markers.
Looking at the 5-year charts, it looks like blue sky till $0.50, not much resistance left after $0.20. It is hard to imagine that a stock can go from $0.20 to $0.50 so fast. But they often do as in OW*P and many others. Once the upper resistance is broken it can move very fast. There is no resistance between $0.20 and $0.50.
The chart is crystal clear - I see next stop $0.10, $0.20 and $0.50.
OW*P went from $0.60 to $3.00 much faster than it moved at lower price points. I expect the same thing to happen here. I don't trade per-se. Mostly I buy, watch and hold. Will do so in this case. I may be holding for years if the Co moves as promised.
OW*P moved at a slower pace but stands as a guideline/comparison for valuation. This one should move a lot faster as everyone is going to use the same valuation logic to hold longer and have bigger aspirations in my mind in terms of profit.
If OW*P took 2 step forward, 1 step backward and spend 6 days in consolidation in-between, then this will take 4 step forward, one step backward and maybe 3 days in consolidation in-between. It will be difficult to predict to sell and then get back in because it can just move to a much higher price after one sells and never have an opportunity to buy back. For example, if there is a significant PR tomorrow before market open, it may very well open at $0.075, pull back to $0.069 and then move up to never come down again. So the folks who sold on Friday hoping to get back in Monday will be left behind leaving to capture the biggest gains. So I will simply go with a target price and wait.
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