I got in @0.47 and still hold it.
It forms a cup with handle now. Take a look here and compare with the fo.v chart:
http://stockcharts.com/education/Cha...cupHandle.html
The Cup With Handle - the Holy Grail in the flying circus of investment indicators.
The Cup With Handle is often a strong sign that this formation is often a strong sign that conditions are optimal for a stock to break out and streak up the chart. It's formed during a period of consolidation. The left side is defined by increased volume and price activity. This is followed by investors taking profits which causes the price to fall, thus creating a base which is sustained for a period of time.
Institutional buying causes the price to rise, forming the right side of the cup in strong stocks. As the price rises, timid investors view this movement as an opportunity to exit the market. The Pivot Point is the close of the daily bar making the highest high during this market upturn.
As the handle is formed and descends, this will finish "shaking out" the weak, timid non-believers and leave only the strong, firm support the stock needs once it breaks out above the Pivot Point.
When successfully identified, the Cup With Handle formation can give you that "head start" you need to get in on the ground floor of a potentially explosive stock. With the right timing and the right tools, isolating and monitoring these stocks can provide that investment edge.