It would be very healthy for the stock to correct back to the 18.5 to 20 level. These 2 levels would reflect the 38.2% & 50% retrace of the move from recent low of 14 to todays earlier high of 23.5
I would be satisfied even on an intrday correction to 20 and then finishing the day closer to the highs.
Lets hope that the company will be able to put away a placement in the mid 20's in the coming weeks. It would not be a bad result placing 20 mill shares @ 25 cents to some major players raising at least $ 5 million.
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