IMO...The move that started this week is just a result of the released report of a month ago and the anticipation of the update that will be released TOMORROW. JAN 15. That report will be released overnight tonight in the US, so the info will already be out by the time the US markets open tomorrow.
Anticipation builds and gets everyone in FOMO mode as the company keeps releasing decent to good news. Except for the internal power grabs that are common with most start-ups, the company in general has been motoring right along. The 2020 numbers show 30% growth through Covid and increasing store count through Covid as well.
Take this into consideration......
I had posted a tongue in cheek comment prior to the report being released that..."All the company had to do was SAY HELLO and the stock price would JUMP!"
Well, that report took the price from $3.70 to a spike high of $11.11 in TWO DAYS!...or a gain of 200%
As you can see by the chart I posted yesterday, a normal pullback has taken place to the EXACT 61.8 Fib Retrace Level....Held there and has now started it's continued move upwards.
Again....IMO....If that report tomorrow shows anything remotely positive, I expect a similar move to take place. The upside break of the 200 SMA yesterday opens up the move to take place and all we have to do is break above that $11.11 spike high and we are clear to that $17.00 area I highlighted on the chart. A 200% move from the $9.00 level would take it to $27.00 which is right above the Initial IPO price of $25. Refer to the resistance levels I posted Yesterday.
The resistance levels in my prior post are real and may slow or stop the advance temporarily just as the $10.60 resistance level held price on the last move.
Here are some things to look for in tomorrows coming REPORT....
Positive News....
1) Settled lawsuit with the JPL
2) Divested the 2 trusts to raise capital.
3) Re-listing Notice
4) Any update on revenue growth, store count, financials in general
Negative News....
1) No settlement with the JPL
2) Need to raise capital...share issuance, more convertible debt, etc...
3) No revenue numbers or a decrease in revenue per store.
As with any trade, there are risks but the UPSIDE is greater than the downside because the downside is limited due to everyone knowing about all of the issues. ANY POSITIVE NEWS is unknown and will effect price GREATLY!
News 
Market Data 
Discover 
