It's early yet.Preliminary indications in Canada are usually pretty much useless, particularly a couple of hours before the open.
Right now, $.85 - $.90 doesn't look very encouraging.
Nevertheless, the stock has opened at $.90 or better only once since trading at the low at $.70 on both March 19th and 20th.
That offering at $.90 looks quite thin in comparison to any pre-market in rrecent memory.
While people here trash management, the stock has consolidated a nearly 30% gain in less than 2 weeks very well.
$.70 - $.90 us 28.5%.
PePersonally I'd guess the stock trades up to weak resistance at $.93 today, at least.
I suck at short-term calls but I have reasons behind this one so I'll do it just for fun.
To me its looking increasingly likely the stock has seen its low and is turning higher.
The 200 day MA is coming down hard, and now sits at $1.57.
The 21-day and 50-day are now behind us, and sit at $.799 and $.843 respectively.
I think I very well may end up buying this over $1.00 this week, but I'll wait for a close there for confirmation.
I expect volume to pick up as traders get on board for a flip.
Volume is key.
I personally don't pay much attention to the National Bank's revised target.
The analyst will just revise the target higher when the stock approaches it.