Yes, the 200 day moving average is the key in my o
Post# of 11899
Yes, the 200 day moving average is the key in my opinion. If the stock trades on high volume and breaks that key resistance level, I think the stock could quickly fly high to the upside on a dramatic move. The fundamentals are there just waiting in the wings, the technicals have been such a tragedy for so long it has kept buyers away IMO. So if the .003 level is breached tomorrow on heavy volume then I think it will confirm this upward move and the stock will then have plenty of positive momentum for the weeks leading up to even better fundamental catalysts for the stock; 10k, audit and quarterly report which should all pave the way for a possible uplisting later in the year. An uplisting would really be a major catalyst for the stock, it would mean greater volume and so higher prices. I really do not think there is any real way the stock remains in sub-penny land with it trading on the OTCBB. Therefore, I happen to think that this is a great long term bet because chances are high management could be successful in the uplist by year end so in a very short amount of time this stock could move up to much higher levels, so its a very good risk vs reward scenario.
I think with so much exposure via Cheryl and marketing, along with sales via GotVape, OHM and other distributors, along with new product releases, along with filings, possible funding and an eventual uplisting, if the stock keeps up the decent volume, then perhaps we could see multiple penny land very soon!
Do or do not, there is no try!
$RFMK!