Wednesday's move up broke the downtrend that had been in place...

Wednesday's move up broke the downtrend that had been in place for close to a year, a very positive charting sign.  It is now a question of whether the company can capitalise on investor sentiment and keep the move going.

Today's close at 49 cents is in the top half of Wednesday's green candle and indicates strong buying support.  If that holds a close in the high 40s or better can be expected.

After a solid move up it is normal for a stock to consolidate and then form either a reversal or continuation pattern and that consolidation period sometimes takes months before we know which way the share price will move next.  Provided overall market sentiment holds up it is likely we will see the share price stabilise somewhere a bit below current levels over the coming weeks. 

In the lower panel the relative strength indicator now above 70 is telling us the share price has risen very quickly and that a further upward move from here would be unlikely in the immediate future.
 
Being an announcement (rather than a results) driven stock, any positive news would send the share price higher while an absence of news could see investors begin to lose interest..