As per the analysis of 23 October (see below) the price of 4DS spiked during the following week and was sold for a profit. Stock subsequently rose well past the target

23 October 2020

I generally don’t trade stocks with a value less than $0.10 because they can be volatile and hard to chart - but I might make an exception for 4DS. Apart from Covid knocking its price for a six in March, 4DS is in both a long-term and short-term uptrend. If price rises above $0.092 then we have a higher weekly trough followed by a higher peak (another technical buy signal). Elliott Wave is unclear. Price appears to have been trading in a large rising channel since 2015 and is coming off the bottom of said channel (hence higher probability of rising than falling). Price broke above a weekly downtrend line (a buy signal), hit resistance at $0.09 and fell back before starting what could be another attempt to break higher. Should price close above that resistance then I have a target of $0.105. Interestingly, there is a possible Wyckoff pattern in 4DS’ price action. This suggests generally higher lows and higher highs going forward and Wyckoff’s Point & Figure chart targeting predicts a general move up until $0.13 – coincidentally the stock’s previous All Time High. The vertical lines on the chart are time lines and while I don’t rely on time theory to trade, I find them an interesting input. 4DS seems to respond quite well to time lines and with the next line due around 15 December it may be something to watch.