Chart, page-6

I mentioned that I believe there must be some trapped short term traders after it closed off its highs on Thursday and then failed to open higher Friday morning. I also mentioned that to me that means we will need to gradually grind higher for at least a few days on reasonable volume to clear those traders out. Of course any increase in sp may attract fresh day traders as well as investors. I have no doubt there are plenty of both waiting to buy now and a few recent posters have said they are waiting for their right time to buy. As for the trapped traders, most would have bought well above 15c on Thursday based on that day’s trading . I would expect most of them that are still in are only prepared to take so much of a loss and some will wait for a profit so are more likely to now wait for better prices before selling. The lengthy period on Thursday where the price stopped at 15c and closed there suggests those remaining are willing to now wait and that 15c is close to as low as this might go. If both the sellers and buyers start to feel this way then a rebound on Monday morning is looking likely. If that happens, it will reinforce the view that 15c is support and we may see a strong rebound on good volume as buyers try and get in before it goes too high and trapped sellers seeing the price rise again get more patient about selling and may even average down if they feel the momentum is moving the sp up again.
I’m sure we are going to see a lot of volatility over the coming weeks but I do expect to see this now continue to trend higher over at least the next few months and I expect it will regain all of this years losses on these new agreements and the potential deals they will bring and on the real potential for the company being granted the voucher worth as much as ten times the current mc. That gives this a very clear potential to ten bag that everyone can understand without any need for detailed fundamental or technical analysis. The potential to ten bag possibly within a year is a no brainer and an uptrend from here will move the sp and mc to price in that potential. That’s what I believe most of this recent buying is all about (excluding the day traders who were attracted by the initial momentum). The two very recent agreements will greatly increase the odds of gaining that voucher and help reduce the time to get there. This stock could easily get to 50c within months.