I have again reviewed this stock because of feedback negatively commenting on my prediction of $1.10 before the end of the year.
Important to note is the current contraction of the Bollinger Bands; a squeeze precedes an explosive burst. This breakdown will likely occur in the next 2-6 weeks.
I reviewed the price action over 5 years. SP reached a high of 70c retraced to 14c (Elliot wave A) before returning to 70c (Elliot wave B) in 2017 and then went on a sharp decline to 14c (Elliot wave C). Since then we have had a new wave (3) begin in March 2017 from 14c to 60c, a 61.8% retracement (60-14=46 (46 X 61.8 = 28.5) to 28.5 and now we are starting a wave III of wave 3, a very bullish impulse wave where the success of this business will be readily understood with clear supporting fundamentals.
In this current wave (3) sub wave 1 was a gain of 46c. 46 X 1.618 = 74.5. From the low of 28.5 add 74.5 = $1.03.
Wave 1 achieved 56c (70 - 14) therefore 56 X 1.618 = 90.5. 28.5 + 90.5 = $1.19.
For those who cannot follow the details, look for a minimum of $1.03 or more likely $1.19 in the next few months.
One more thing, previous corrections have been savage. By the rule of alternation the next correction will be shallow. In short: if you miss this ship before it sails you will not be getting on board anywhere near current prices.
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Last
7.5¢ |
Change
-0.003(3.85%) |
Mkt cap ! $17.18M |
Open | High | Low | Value | Volume |
7.7¢ | 7.7¢ | 7.5¢ | $5.59K | 73.54K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 16083 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.6¢ | 6857 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 16083 | 0.075 |
1 | 20000 | 0.074 |
3 | 27698 | 0.073 |
1 | 125000 | 0.072 |
2 | 130000 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 6857 | 1 |
0.085 | 77613 | 2 |
0.086 | 147746 | 1 |
0.088 | 96511 | 2 |
0.099 | 1300 | 1 |
Last trade - 15.31pm 05/11/2024 (20 minute delay) ? |
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