Trend Channel and technicals getting verryyyyy interestng/exciting now
We just managed to close at 2.8 today, but currently no volume at 2.7. We're still following the trend channel to perfection.
Starting to approach the resistance now so don't expect too much share price movement over the next 7 days, but as i've mentioned before, if we can be above 0.03 by the 9th of June (tuesday next week and the red circle/dot on the chart), we're officially in breakout territory, plus hopefully boosted by another company update regarding trials!
If the market pulls back and/or if the general environment slows down, as long as we can stay around 2.8 or above (where we are now and the blue curcle/dot on the chart) by the 9th of June, we're still in a strong and stable position with potential to enter that desired breakout territory a few days later.
Things are looking good, can't see too much dumping happening in the next 8 days. Accumulation has been done, most day traders have exited and now everyone is just awaiting the next big leg up, which I believe will be in the next 10-20 days.
GL all.
