It has been held back since the previous spike due to various corporate issues, including the placement.
The recent activity and apparent rally, especially in the face of the recent carnage, has been very interesting to say the least.
Now we have a buy recommendation effectively putting a floor under it in the 21-22c range, which will pretty much discourage the point hoppers from selling at 24 in the hope of picking them back up at 21 or so.
As such, all expectations have now been lifted...this is an important development, especially given WEZ's current trading cycle.
Short term high-side focus is now 30c and not 24c as it was prior to today.
If I were the company, I would take advantage of this interesting development and issue something for the market to sink their teeth into.
Any consolidation over 24c would be a significant outcome, resulting in a significant run near term.
Cheers!
WEZ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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