RE:RE:Support Held support (again) right at the 50DMA. Volume to the downside disappeared today. All of the overbought conditions on the stock chart have disappeared.
In April/May of 2016 it corrected to the 50DMA (2.65-70 level) and then it rocketed to $4 after the quarterly announcement.
The bought deal should close by Wednesday of next week. There should be an announcement soon after that and before the next quarterly meeting.
There appears some urgency to get this acquisition done. From filing the shelf registration then to a one week marketing event. They are moving fast.