My charts are pointing to this being a long term reversal pattern. I've seen this pattern play out on a few stocks I've been holding, BRN at 8c before running to 97c, IMC at 26c before running to 95c. Also played out on FFG and ICI, SRN etc. Over the next few months we could see many multiples of the current SP as the money starts rolling in from the compass deal and FDA gives its nod of approval. It often plays out on stocks that have come down from highs over a long period of time and are finally starting to show promise with their earning potentials, they set up to retest previous highs. GLTAH and DYOR
MEB Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
