As a purely Chart based opinion, 3 gaps below in the last wave up marked by the white lines.
A rising Wedge, in theory the odds are a rising wedge breaks down, vs a falling a wedge that odds are to break up.
MACD rolling down a bit.
Also general small cap swing up = swing down = swing up. So if its just swung up, then could be due for a down swing.
So with the gaps, the wedge and the swings, It could slip to close gaps back to $1.50 as a chart guess
As a purely Chart based opinion, 3 gaps below in the last wave...
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22.0¢ |
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Mkt cap ! $128.9M | |||
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| No. | Vol. | Price($) |
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| 1 | 99697 | 20.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 216933 | 5 |
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