posted on the other thread my recent thoughts about this chart action recently. I believe now the low is in. We gap filled to 18c on recent test of low 17c. Expect this to be the low now...I think unlikely to test those again..next retracement is the key.
22c is 50ma on the daily, where we are mucking about with now.
We have resistance at 26c, next major resistance point, possible retracement from there if we don't pull back from here.
need to go a bit further out than a daily to look longer term. Long term charts in cycle low, as many other small cap stocks. ie Quarterly and monthly charts. So if it does push away from here next cycle low on the weekly chart is a time to start to look for a good move up. Still not expecting to run away, but more of a grind upwards if it does go.
Next best thing read the tea leaves!..otherwise just be patient and accept fate!
TPT Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
