Since our alert last wk, stock has gained ~25% on strong volume, rising from $0.335 to $0.425 at last close. Volume dropped off sharply yesterday. Since Dec 09, in each of the 4 occasions where a similar pattern took place, Z-Obee subsequently went into consolidation. If things were to be no different this time, we could see prices drift over the near term, with upside capped at $0.46 (50day MA)…
Price action could return however, if mgt provides further updates on the proposed TDR listing. Charts to follow.
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