The Chart to me looks like it is forming into a Cup with the potential to complete the Cup U .
The Current momentum is up as we saw today.
Several other small caps are also showing a similar Cup and handle, and MYQ seems to be rolling up with the smallcaps. But also with news showing the deal for 60c Placement is real and highly Probable
MYQ is right on a breakout line of previous resistance, that looks to now be breaking up after a failed break-up test 2 weeks ago that is looking like now to complete the up break from the channel and rise the Right side of the U cup.
The next target should be to re-test the highs once the momentum continues and gets to the 60c level, and then continue up as the $6 million of new money gets deposited.
My chart is my Prediction for what I expect to happen as the break up continues and progresses to the Re-test of previous Highs, Completing the Full U Cup.
MYQ Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held