From a technial point of view it makes perfect sense as explained above.. Also the news that is expected hasn't yet happened. To make a statement that the only logical way is up is completely biased. As Rand correctly pointed out even if the news gets pushed further back it will likely (not definitely) cause this channel to fail. It's already sitting at the low end and getting squeezed up
"There is no news to suggest selling is warranted."
No news can be just as devastating to a stock, especially non profitable micro caps. As you can see i am holding this stock but i certainly dont have any rose coloured glasses on. I'm just playing devils advocate.
DYOR
From a technial point of view it makes perfect sense as...
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