PIOE has been moving up in well-defined steps.
I can see 4 steps clearly in a 1-year daily chart. The last step which began in mid-March, had some volatility, especially a few days before and a few days after the 2017 annual report was released in early April.
This fourth step has traded in a fairly tight range (with just a few exceptions) between $1.30-$1.50 for almost 2 months now. I'm not going to predict when the next step will occur, but I will make a guess that PIOE will continue to trade in this tight range for at least another month.
Of course this applecart could be easily upset with the release of almost ANY promising forward looking news, but this has happened only infrequently in the past 8 months. Without news, I would guess we might have to wait until the second quarter reporting time nears (likely in early August).
We will see then if PIOE has enough "legs" for a fifth step up. That's about as far in advance as I am looking right now.
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