People will argue microcaps don’t have a floorBut for 2021 Fobi sp has bottomed a few times at $1.00.... so that felt like the floor
Fobi started this last run from $1.00 and now on the trip back down it seems to have reached and passed maximum selling pressure and the sp is at $1.60
There is almost no volume now so it indicates that it's a market neutral situation and any positive news could begin to lift the sp
Wherever the sp ends up in the next few weeks will be the new floor ... hopefully the sp can land somewhere above a dollar ($1.60 hopefully) and will have a higher base to build from going forward which would give investors a positive takeaway in terms of sp from this latest boom/bust cycle
Of course all the positive news releases that Fobi as a company has given over the last 2 to 3 months still stand and bode well as a setup for future revenue increases ....which will be required for future sp gains that can be sustained and built upon unlike the last month
The future is bright but it may take awhile to get there and patience will be required