Technicals look promising so far..from a technical view, firm break out from the June '24 downtrend and back above the 200 day MA. Next milestone is that 2.80-2.85 range: crossing that level and staying above would break both the March '24 and June '23 downtrends which intersect there.
No coincidence that analysts 12 month target price range from $3.25 to $4...they all expect some thick molasses at the multi-year year MA ranging at 3.55. Economy and markets permitting of course.
I would also expect that the summer shorts have been covered this week or are in the process to be covered. I personally don't care who shorts - the big boys play games for profit motives and small peons like me just need to learn how to manage context. But I also know that shorters can become your friends at some point.
Lastly, unless there is substantial news in the coming week or two, I expect that we won't see the sp breaking out of the $2.85 range until the november Q'ly report... If indeed the margins are better YoY and the VoltaExplore expenses vastly reduced as mentioned during the conf call so to substantially reduce last Q losses.
Nothing is ever a certainty of course. It's all in the business execution by mgmt, and analysts reward good execution with love :)
Good luck to all- this company has vast potential if they execute, especially against prevailing headwinds.