CBDT vs DMWe are a bit overbought now and RSI is over 70, maybe we will see some consolidation, I don't mind, I like to see correction and moving sideway for a while before launching higher. Or maybe we can see a short term bull flag formation before going higher. If you look at CBDT in the past (new symbol is EPW), the stock went from 5 cents to 30s and stayed at 30s for about couple months before exploding to over $2.
I am not saying we will go to over $2, back then CBDT had tail winds, it was a covid time and it had covid test service (some days they had over 1000 test per day!) and telehealth was new at that time. Now we have both covid test and telehealth but the concept is not new anymore. But we do have a tail wind called chatgpt so that can power us higher a bit. Overall we have better stuff than CBDT now so long term we should do better.
The thing that can explode the stock is people chasing the stuff, FOMO, and media coverage. We need these factors for our stock to explode. If we have these factors then I cannot say how high we can go. When CBDT exploded the trading volume was well over 30 million shares so we may need to see that kind of numbers. And CBDT was not even traded in TSXV, it was traded in CSE exchange and it could perform so well.
But course everything that goes up parabolic must come down, now CBDT is traded under 3 cents, but I don't think DM will trade that low after a climax run as we have excellent fundamentals.
JMHO.
