Depends.... Volume? No volume?
No volume? Bleed away back to 8s or wherever...
Volume? Double Bottom pattern on weekly indicates $0.16, but price action resistance lingers at $0.175 and $0.20...
I think it'll struggle to get past that resistance unless Roger brings the boom...
But I've seen stranger things...
The good news is as of right now, that Double Bottom pattern is intact... But I'll be worthless if no volume shows up...
My fear is, the bump we got here this past week or so might have been all long/ ex longs getting in or buying back in on audit news as we longs have been long waiting for it... I don't know if the general public contributed much to that run... Maybe some, maybe a lot.... Maybe hardly at all...
All I know is, this ran on heavy volume for a few days, then the volume just disappeared... And most volume since has been largely sell volume... Just cooling off? Or over?
I was happy to see the week close above $0.12... and the daily chart ended on a bullish candlestick too I believe (Hangman I think)... Also held the 200 day MA...
All depends on volume...
It has potential... If it breaks past $0.235 it can run hard and heavy into Blue Skies... In theory to $0.50... But I wouldn't get my hopes up...
I know this wasn't a helpful TA analysis really.... Just so many "ifs" here...
I also find it hard to separate emotions from this one too after being here going on 2 years...
Overall though I again trust the company... All this time accumulation has been STRONG despite the dip and lack of or light dilution... So the float could be locked so right it soars immediately....
So many what ifs... Hard to really say...
For now main focus is that Double Bottom...
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