As I’ve laid out here in my last several posts - the upward trend we WOULD and actually HAVE enjoyed so far has been the result of THE PERFECT STORM BREWING here.
The retail overreaction to the S-1 filing initially back in November led to an unfortunate but apparently necessary sell off that made the executives RETHINK their approach and Structure of capital raise .
When stock fundamentals meet chart technicals at the exact right time - the resulting “perfect storm” allows for a significant move up the blue sky highway to much higher price points.
Imo - we are witnessing the start of that here at $DLOC. This under the radar stock enjoys an excellent SS with almost no dilutive overhang. Retail can control the show if they BELIEVE in the Corp direction and value.And imo- more are reading the S-1A released on 1/11 and realizing the MASSIVE potential here since in order for the company to really benefit and prosper - they ultimately need the pps to go UP in the short and midterm. There is so much benefit to them testing much higher levels and can attract the investment they ultimately seek.
Imo- this stock fell victim to an early tax loss season thst started in late November - .0006 in October and .0008 in Nov/Dec and anyone who was able to bare with that drop and hang on or who came when I first suggested in November that this hitting 7/8 was so under value - likely feel different now about the potential here. LOOK AT THE 6 month CHART. That cup and handle starting to form!!!! This is going to move back to .004’s + IMO- and it’s already making the churn back to .002’s.
One of the things I like most is that this ORGANIC MOVE NORTH on the daily and the weekly has not come with a ton of press and hoopla. Instead - it appears to be steady buying and eerily similar to last year when this moved to .003-.004’s.
THIS STOCK DOESNT NEED A LOT OF VOLUME to blast north. I would be happy with about 10 mil daily volume like we had last week. If we’re seeing 20mil + - I have a feeling it’s a massive GREN candle.
NEXT UP — The next stop here is the test and BREAK of .0015+ pps. With that - we will start to see this push into .002’s. Imo- most retail takes notice at that point and a few positive new lines later and we could be testing 52 week highs. Time shall tell.
Imo- These Otc stocks with strong stepladder Moves north and solid baselines usually result in that major green candle breakout day we have both come to enjoy.