Agree. Simple supply and demand applying here and as MT has stated this stock was well over $1.80 in 2009
Obviously the SS is higher now and a lot of things need to take place for it to ever get back to that range but the primary thing that matters to me is that we still have a product that at one time in the market, was well over $1.
From a true long term perspective in a Monthly chart:
The Full Sto has just now began to seperate and issue bullish signs. The ADX and DI+ is starting to turn up. The Monthly Sar's has flipped bullish. The RSI is oversold still in the 37 range. MACD just now showing bullish movement.
Not telling anyone this is going back to a dollar. I am saying that based on technical measurements I see in this chart accompanied with the filings to bring this company back to life, and knowing the product once had a huge impact on the markets tells me this stock is crazy cheap. IF the company continues making strides ( not sure why they wouldn't ) I think we have a true monster on our hands.
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