Technical Breakout imminent???Looking at the chart using ichimoku clouds,
I am seeing an interesting pattern developing...
If the SP can stay above 9 cents,it will have crossed the Kijun line, and with the Tenkan line coming up(for a X-over) this stock could be seeing a bull run coming...
To which, the 11.5 cents mark becomes a critical point of resistance, but if it is able to cross that, the SP will be in the KUMO cloud (indicative of wild volatility runs) which could see a top at around 18 cents in the short term (i.e. 2 weeks)
However, the cloud ceiling does drop, so if it approaches that level, be mindful of your sell triggers...
Coupled with the MACD which has been in an uptrend since the beginning of JUNE,there is other Technical support for this move...
this is all precluding the possibility of news, which I have not followed, so feel free to add any info...
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