Key to an upward pre-announcement breakout is clearing out the selling overhead that is clustered in the 15 to 16.5 cent range. That was nearly accomplished today.
If there is significant buying interest manifested tomorrow, the 16 cent barrier should be cleared and then the climb to 18 or 19 cents should be pretty quick. There will be much more resistance encountered at 20 cents to 23 cents. This level will not be breached until a positive announcement is released to the market.
At that point expect a gap up. A GREAT report could send the stock up 100%. A merely good report maybe only up into the 25 to 30 cent range.
Just my humble opinion.
Key to an upward pre-announcement breakout is clearing out the...
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