GFMD - there has been strong volume since May but, the price & momentum have remained down until the first week in July when it finally turned the corner. It closed Friday above the 50 day MA for the first time in many months. If there is a follow through rally on Monday, that would be a very good sign. If the price continues up now even through the market is approaching Overbought territory and then makes a price correction and finds support at that 50 day MA, then I think it will most likely continue up for some time. There does not appear to be any obvious resistance ahead until the 84 day MA (currently at $0.018) and then the 200 day MA (now between $0.05 and $0.06). So, it could make run to perhaps $0.05 but, it will most likely find resistance at the 84 day EMA along the way and then perhaps half way from there to $0.05 and then the first attempt to get past the 200 day MA usually fails and a nice price correction will unfold. Monday is key. You want to the momentum continue higher on Monday. Without a follow through rally, it's still pretty much in a bear market. The volume has been good and therefore the follow through rally should be there.
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