So Value4983843 brought up an interesting point about the MACD...

So Value4983843 brought up an interesting point about the MACD positive divergence, which is also something that I check on these penny stocks. It's just another 'tell' in the chart that could be showing underlying strength. MACD and long stoch are showing higher highs and lows while the price is showing lower highs and lower lows. When the price converges with all the MA's and then starts to develop new higher lows and highs above the MA's it can be constructive. There is some considerable overhang above the .021c resistance area but given that it was almost 2 years ago some of those holders may have washed out by now. Remember that this is bottom fishing in the penny market, You catch a lot of blowies but if you follow the right currents use the correct risk management and wait for the timing you may just find the big fish.
This weekly is constructive and tightening for a some type of move. UP or down? time will tell.
SNOB