Yesterday was major accumulation day ... ... today, it appears buyers are waiting to see if CIBC comes in with a dump truck on the bid. But also interesting is there seems to be a shark laying in the weeds at 8.5 cents with stink bids. And also waiting for small orders to come out of the offer at 9 cents. And once some decent size is offered at 9 cents ... then CHOMP CHOMP CHOMP.
A close at 10 cents or better today would mean a healthy close above the 30/50/90 DMA ... and would be potentially a bullish set up for a quick rip to the 18 cent range.
Watching and waiting. Just my opinion. I am a novice investor so don't listen to me. And always do your own due diligence.