The price came back on the day because the price hit a 61.8 % Fibonacci retracement level on the day of the recent announcement. (Not a hair either side ) EXACT hit !!
Also the price gapped up from opening about 15 % and gaps have to be filled. That is why the stock price retraced.
The most defining feature of the chart as it stands is quite a well defined wedge pattern (If one care to look). 0.055 cents being the value at the intersecting lines of the wedge . The price won't go lower than this. This area is now support.
The stock is moving higher i believe as there are other Major Fibonacci numbers especially on the monthly chart if one cares to look.
The stock market game is about making money (nothing more and nothing else).
Do your own due diligence
Keep up the good work Wilfran
4DS Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held
