"Only will change significantly if there is a deal"
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Generally agree. Some additional thoughts...
- 5 day and 3 months charts still look decent, both showing a general uptrend and pattern of higher lows.
- A deal may not be needed to move us higher. The "expectation" of a deal may be all that's needed. Right now (at $1.83 and $97M market cap) the market is saying its not sure an AXAL deal is coming. KB needs to convince a few institutional investors that there's a decent probability of an AXAL deal getting done in the next several months. That expectation should drive buying pressure, before any deal is announced. I'm sure KB is in regular contact with both institutional investors and potential partners. Fingers crossed he's able to get a deal done.
- The hold is still limiting buying pressure, IMO.
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