RE:RE:RE:RE:News out This must be one of the best risk/reward situationsHard to believe this stock averaged 15 cents for most of 2018, trended above 20 for last couple months of 2018, only to steadily lose ground since end of Feb for all of 2019 except for the nice spike on drilling news end of August.
Even though the share structure is exactly the same it was ending 2018 & fundamentals are now 10X
For some reason even with the current potential, the share price is now holding around the 10 cent level.
Bit of a head scratcher.
But when I look at 3 year chart, I see we now pretty much have a decent spike & ledge formation going on right now, as long as we can hold this line.
Technically this could be considered bullish, but others might argue these type of technicals have no bearing when it comes to micro-caps.
Hopefully by years end we will look back and see we were actually just coming out of a imperfect double bottom when looking at the 3 year chart, representing a natural and healthy growth trajectory.
Drumroll continues :-)
GLTA