I just looked at the chart, and identified important patterns. I think they are valid and we should consider the possibility.
In the above weekly chart, you can see three segments of the uptrend. I noticed that each segment, except for the last part (the segment we are in right now), retracted to the 0.618 Fibonacci level. This is a three-year period, and considering the length of the period, I think these points are very valid. The 0.618 Fibonacci level for the segment we are in now is $0.079, and it is a real possibility that in the next few weeks, the share price actually may retract to this level before it continues its upward trajectory.
In the above weekly chart, you can see each segment of the uptrend, and again except for the last part, rose to a level between 1.0 and 1.618, or higher.
If that becomes the case for the current segment of the uptrend, then there is a real possibility that the share price may rise to somewhere between $0.20 and $0.28 in the near future.
Do not forget the possible retracement to $0.079 before this takes place.
Cheers.
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2.2¢ |
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Open | High | Low | Value | Volume |
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---|---|---|
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Price($) | Vol. | No. |
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13 | 1932618 | 0.021 |
14 | 11140993 | 0.020 |
8 | 6143629 | 0.019 |
6 | 5363800 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 867555 | 6 |
0.024 | 1212782 | 9 |
0.025 | 674696 | 3 |
0.026 | 2000238 | 5 |
0.027 | 1782467 | 5 |
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