Chart 100% recorded the sentiment/insecurity surrounding the delay in the rebate.
If the $7.3M rebate announcement was not delayed, there's no way we'd be at these levels.
Personally happy we are - 5.8c resistance has been pounded and survived, so provides a nice floor. Oh and caught more than a few of those sweet low hanging dumps.
Remember the conviction of the rise - the 6.8c wall got eaten pretty easily - nom nom.
Then the rebate announcement was delayed by like, a relative millisecond and predictably (but not unwarranted), insecurity kicked in, coincidentally 100% reflected in this thread. And the market reacted according, albeit on super-cute volume.
Perhaps it was smart money playing into the insecurity? But probs just insecure short term money - I honestly don't give a fark.
Anyways, whatevs. So now we're here.
Cup and handle plays out near term IMO.
Breaches then successfully tests resistance @ 8c, then chills and tests etc etc.
Then C&H from those March highs plays out and we smash through 10c.
Disclaimer: all this TA goes to total sh1t if the CLAWS allocation surprises and/or they do another sneaky out-of-the-blue-CLAWS-like sales announcement in between.
Cos then we could be talking cup and handles from like, 2020, or 2018...or even from mac's era.
BLG Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)