Short Term Traders at work right now Since April I have been recommending this board to accumulate on all pullbacks this summer. This is the correct way to play this stock. So far the market has provided two major pullbacks so I can add more before $0.360 as each time the scale of the drop falls exactly according to the Fibonacci. The big picture is that the long term uptrend is never broken since April (even Westcoastlogger is aware of it albeit he play on fundamental analysis) and boosts my confidence for buying more shares.
The current pick up in momentum is short term traders playing on an upbeat expectation of QR. As such sp cannot shoot above the last top @ $0.52. Only the review of the new QR can determine if this long term uptrend can continue (with two good quarters back to back) or take a setback.
Recommended play of the day :
1. Take some profit if you already overweighted
2. Set buy order with trigger price @ $0.53 and stop @ $0.545 to play on good results