Things have been relatively quite over the last few days so I decided to update the long term chart. Initially, it appeared as though the low $1.00 range would prove to be the retest area of the breakout that occurred in November, but the low $0.90s now looks to be the actual range and makes sense since we had trouble getting above this area over the last 2 years.

As you can see in the chart below, the share price continues to follow a 4-month down trend that has returned it to the old resistance zone (now new support). A bounce off the 50 week MA a few weeks ago suggests that we are likely close ending this retrace. A weekly close above $1.10 will break the trend and a close above $1.20 sets up another retest of the $1.30 to $1.45 range where there is long term resistance.

If we get enough momentum to overwhelm the shorts, the move higher should be impressive.