It is a similar repeating volume pattern since the lows, with less volume needed to move/sustain it, because the float is so tight now... Volume always dies down while we are basing at a higher high. Then it picks up and the stock spikes to a new high.
The point you need to focus on is that SELL VOLUME is light near support and theres no significant dilution even possible right now... and we know that more news/events are coming, which should increase interest again.
In pennyland, knowing that people are not selling at a higher base, during a sustaining uptrend, is bullish. All stocks consolidate, but you want to hold a higher low each time.
Crap stocks get constantly Bid whacked and cant hold the majority of their gains, like this stock is doing. The longer we hold this level, the more confident buyers will become. Bid orders will start getting moved up.
Us penny traders can get so acclimated to CONSTANT dilution that we can forget how STRONG stocks trade. Many people sold this stock at lower levels because they were fearful of mass dilution destroying their value, but they fail to do proper DD = There no more near term dilution + all these famous people are being incentivized to push this stock and its products. This is a powerful formula, because these people are not nobodies. They are famous AND have an emotional/deep connection to the topic they are marketing/selling.
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