OK, first - the disclaimer! The stock I am about to make a forecast trade on is one I already hold and am underwater on. I continue to hold it for reasons well and truly documented already.
Now the trade. The stock is TMS. I'm looking at the chart and to me I see a number of things.
Firstly, there is now clearly strong support at this distressed level between 3.6 and 3.9c so the stock has now been riding along the 61.8% Fib retracement formed from the absolute low of 2.9c and the recent spike of 5.7c for a couple of weeks whilst sold accumulation takes place of panic sale stock. The accumulation/distribution indicator has leveled and looks to be headed up.
The demand index is powering up and the momentum index which took a little dive after the 5.7c spike is also leveled off.
Now remember, this is a technical short term trade not fundamental. So the exit point is the 23.6% resistance which is 5c.
When will it go up ? Who knows but shortly is my guess.
As always, its a risk capital trade and you should stop out any fall at below 3.6c imo.