I really dont think Elliot Wave theory really can be applied to...

I really dont think Elliot Wave theory really can be applied to a penny dreadful that has shown slight movement on little volumes lately. This share can only be analysed from a F.A perspective at this point and the only fundamentals are that there are some deep pocket punters who have taken a large position or enlarged their positions for something in the future that us coat tailers are trying to make a few bucks on.