I'm curious, why do people use technical analysis on these stocks? If they come out tomorrow and announce a massive dilution, what happens to your technical analysis then? If there was a bearish TA trend and they announced non-dilutive funding, what would happen?
Why would anyone trade this on TA? Why? There is absolutely nothing new going on except speculation about partnership and funding, and that has nothing at all to do with TA.
TA's have mental problems that makes them think what they are doing is rational. They talk a lot of TA but they still make trades on fundamentals/rumors/hunches etc.but will never admit that they did so. They are sick people just like liberals.
You're assuming that company fundamentals are unrelated to technicals, I'm not. I don't believe it's a coincidence that the stock has been moving up, completed a golden cross, and crossed above it's 200DMA. Typically activity like this is driven (behind the scenes) by news leaking over time. I see technicals as a leading indicator of news to come, it's a predictor IMO of news leaking. That's just my view.