Based on the move from 6.9 cents to 38 cents, lets say a 31 cent...

Based on the move from 6.9 cents to 38 cents, lets say a 31 cent move, we should expect the stock to find good support between 22.5 and 26 cent levels.

These levels being the 50% (15.5c) and 61.8% retracement levels. We might consolidate around the 25c level for a few more days yet.

As previous posters have wittten, good to see that this down move has been on very light volume.

Once this consolidation is over, I would expect the stock to take out the recent highs at 38 and the strength of the next move will be dependant on the flow of information in the coming month and the price and participants in any capital raising.

I would be very surprised to see Pattos let this stock fall more than a few cents from these levels.