Chart looks great, moving up nicely after finding good support at 0.17 - 0.175, after the recent sell down and profit taking at 0.21
Nice accumulation and bowl formation present.
Good follow through volume today and expecting a test of 0.21 later this week or early next.
Major trend line present on 1 year chart showing good support at 0.185
If and when resistance at 0.21 is taken out, expect a test of 0.26.
Based on fundamentals and 1st qtr results due next month, if double digit growth is again revealed in the Question and Answer business, a market cap approaching 60 - 75 million should be expected.
All we need is Domenic to hold his horses, pay down the convertible note debt (as he continues to do) and the company should prove to be a great money maker.
Hopefully the last raising, was the last we will see.!!!!
Cheers Lute
CM8 Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held