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Yes its building a solid base now.
Also there are plenty bargain hunters waiting and hoping for cheaper entry and that keeps a limit on the downside!
On the next news a massive breakout again.
in my opinion its going to be up!
Plenty bargain hunters on the side lines and are hoping for even better entry prices.
either to get in, Get back in, or to accumulate more!
most (if not all) of them will enter at 1p without thinking twice!
The thing is that they are running out of time.
They will have today and tomorrow i guess and if they are lucky they still got Friday!
I expect fireworks in few days here, all eyes are on Helium one!!!!
Looking at main share holders, its worth a punt.
Massively oversold and potential to multi-bag, its worth a punt.
Sufficient cash runway, its worth a punt.
Price to Book Ratio vs Peers, its worth a punt.
So i put a buy order in for tomorrow morning.
Expect a good ROI for this price.
I used to work in the oil an gas industry and there it is very common to work with agencies, only management is on the books! like on a 30 person crew only the installation manager and the chief engineer are from the company, All others are hired through agencies. i expect the same here that the drilling crews are under contract with an agency.
Spread betters and CFD traders are shorting this the last two hours
They should push it a bit more down. because i am waiting for a nice juicy top up for a bargain before the next run up!
And than we burn those 🌈bears big style!!!
Next major resistance is at 45 to 50 level. plenty room for upside here.
Support at 23 to 26 level.
companies debt problems are being dealt with by selling some of their assets with by the looks of it.
this could be a nice swing/core trade.