We believe there are three or so likely scenarios for this penny stock, two of them are bullish now. Because the price is under a dollar, the volatility can be absolutely insane with these type of things. We are not committal, but relatively confident for a short term bullish scenario on this one, whether this is an upgoing zigzag, a new impulse or something else.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!