4c is a historical resistance. And because it is so illiquid, it...

4c is a historical resistance.

And because it is so illiquid, it makes it even tougher to try to provide some Technical Analysis.

However, if i must...

The stock has been doing an inverse head and shoulder pattern on the monthly chart dating back to October 2014, and IF IT CAN CLOSE THE MONTH AT 4c, it will complete it. My prediction is that it will do it at the end of August, not the end of July. Better symmetry.

Anyways, it will then need to drop towards the 2.5c level in December, before the climb back through the 4c range and beyond around March-April 2017.

This is all IF it follows this pattern.

I would try to upload an image of what I mean, and have done so on my Twitter profile, but no idea how to do it here, as it isn't as simple as INSERT>IMAGE>PASTE TWITTER LINK.

I have a private twitter account, which may explain things, but this is the link FYI.



Not here to promote myself, but to provide some ramblings.