Hi irynka,
Hmmmm let me see, you sold out earlier this week on the back of most recent announcement & I'm guessing the SP hasn't exactly done what you expected it to? You're looking to get back in, yeah?
You said in Feb;
'Technically the stock was holding its value very strong in the past several days when the market was testing a support level at 4500.
Several days ago I noted that buyers started to push the stock price up. Probably somebody knows something.
Today?s candle is clearly reversal candle to the past 3 weeks of trading and this can push the stock price without any announcement yet to ~29c tomorrow or next week. Technically the chart looks very good. With the very good news the stock may to 35c or even higher.
Yes, there have been reasons that the stock price retraced to relatively low levels due to unexpected delays in their major announcement which was going to happen in December and in the company announcement on 17 Jan investors were informed about expected major contract to be signed by February, as I understand it is equivalent by the 1st of Feb. So it has been some delays in signing the first major contract.
Patience of the stock holders will be rewarded very soon.
irynka'
Good luck
nistrams
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