Dear Holders,
It has been a while since last time we discussed on this thread.
Since the company reinstated in late Feb that the share price has hit a new high each time as month goes by, I guess here are some info that you might be interested in and I break them down into two separate screenshots, and here is my view of the current patterns.
Screenshot 1, from the reinstated date on the 20th Feb to 26th that the sp has hit new high to 23.75cents, from that point to 7th March the sp has been hit with profit takings dropped to low 13cents, since then the sp has been moved up to 15.5-16.5cents for a week long and ran aggressively from that to 29cents on 27th March so all these movements happened within a month (few greens followed by few reds then repeated pattern).
Pattern 1): ( 23.75 - 13)/23.75 = 45.26% retracement
Screenshot 2, if the patterns do follow, then we have a two weeks reds though with new consolidated high low avg around 19-20.5cents, and when the green days hit and I believe shouldn't be too long since we hits the red trend for two weeks already and new bullish trend probably already formed (at least how I see it). Next run will breaks through the 30cents mark towards 35cents:
Pattern 2) : (29-19.5)/29 = 32.76% retracement
low vs low : (19.5 - 13)/13 = 46.15% uplifted if the new consolidated low price as 19.5 cents, and it seems like stablising this way so 46.15% uplifted!
High vs High: (29-23.75)/23.75 = 22.11% uplifted and what is the new high ? 29cents x 1.2211 = 35cents, this is my estimate only and please don't take it as financial advice. DYOR.
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