Nice price action today. Monday's fall was nothing to worry...

Nice price action today. Monday's fall was nothing to worry about.

Hopefully we can get some follow through momentum and bring a bit of volume up towards 40c. Don't let it go cheap. The more weight higher up, the more expensive it will be when the good news does break.

Chart is 30m.



Price action over the last 2 days has been really healthy. It's been smooth, forming a nice ascending base. 1-day rate of change has put on a strong performance and is starting to trend up, with the turning point being Monday (colorful indicator 1). Downside volatility has compressed and we're getting more spikes to the upside (colorful indicator 2).

AVWAP anchored to the last high point is starting to turn up and price is now above it. Price is also back up above the longer AVWAP pinned to the FDA approval. 'Bargains' are over for the time being I think. Price around close though could be a good Risk / Reward entry point for an intrepid buyer.

The oscillator down the bottom is about to flash a buy point too with the fast line crossing the descending signal line.

Safe to say, short term signals are pretty positive. Long term... I think this company should be valued far higher than than half a billion USD.