Huge increase in volume today with 2.4M shares traded. This is...

Huge increase in volume today with 2.4M shares traded. This is the highest weekly volume since Nov-2019 and it's not over yet. I was watching the trading pattern today when it appeared on my scans. I liked what I saw today because there was a big buyer today that wanted those shares at 1.2c.
Still, there was also some selling action and you'll notice someone tried to keep the price down near the end of the day with low volume sell downs. This would keep the shares off scans for volume and increased price. I suspect once some of this deadwood is cleared, we'll definitely see positive trend in the share price.

Something is definitely going on now and I would like to point out some key items:

• Management have already stated in their recent quarterly on 29-Apr-20, that they expect to be cashflow positive in June-20 even with COVID-19 impacts accounted for in the financials.
• I like the fact that they reduced their cash outflows by $619,000 (32%) when compared to Q2-19. At nearly $4m annualised revenue and $5.4 market cap looks like value here. I need to point out that the stock was at 53c in July-16 and it's been consolidating for the past 12 months.
• Top 20 hold 64% of stock so it's a reasonably tight register.
• Morningstar have the stock listed as undervalued with a fair valuation of 2c but this will be much higher once we see a cashflow positive quarter.

Only a matter of time before we see this go much higher with more buying and a decent quarterly for Q4. I bought more today based upon the buying action and will buy more once we get a confirmed trend. Short term targets of 2.0c - 2.2c. If we can break 1st target, then potentially we can look at a target of 3.6c - 4.1c but only upon commencement of a strong higher trend.