Hi JC, I looked at AKLI very closely and believe this one has great potential to run from here. The uptrend looks pretty strong. The only concern I have is the gap that it has left behind between .235 and .40 (on 4/29) if that ever gets filled or will this be running up and up from here is a big question. Any good news will keep the share price going higher into multiple dollars is my take on it. The type of trading you are seeing now is nothing but accumulation. Normally when the stock is ready for next leg up you will always see this kind of trading taking place where the stock price doesn't move much for some time with all the buying and selling until the market makers decide to give up or the insiders have got what they wanted. All looking good to me...for now at least.
Also, I don't think they currently meet the Nasdaq listing requirements of staying above $1. The last time they were trading above $1 was back in Sept. 2023, which means if the stock doesn't go above $1 organically, then there is a possibility of R/S happening in the very near future. Otherwise, it may get delisted to OTC tier which won't be good for the shareholders.
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Just my opinion...not an expert.
All the best!!!
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