If we can hold the 3.1c close it would be a very bullish signal in my mind. Would be the first time in nearly a year since we have closed over the 3c threshold.
The large buy orders seem to be more than the usual mirage as well.
3.6 seems to be the next resistance (previous intraday high) and then 4.1 (the intraday high from the phase 1 extension study ann)
Will be an interesting few weeks ahead. With such a soon options expiry, two games could be played. 1. Options holders try to increase the SP, to offload options 2.) SP suppression so the strike price is too high.
Looks like option 2 was tried and failed. Option 1 would make options trading very attractive in the foreseeable future. And lets not forget that there is the forever present possibility of going into a trading halt with a binding financial agreement.
1AD Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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