Simple AnalysisLike I said from the start this morning, watch that trend line. Uptrend broke at 10:30 this morning. Broke above the downtrend at 1 o'clock but there was no power to continue the day upmove so they decided to let it slip back to the $.31 two $.40 level. The high of 1015 yesterday will become the new support. Money flow has sunk to the bottom and the momentum is now below zero. This held up remarkably well after a 600% gain in only falling back 17%. This will find a bottom, which could be as much as a 50% Retracement over a period of time. All depends on how much paper we have here at this level.
Lower high today
And
Lower closed today
on half of yesterday's traded volume.
in my opinion this needs to tighten up just like AAO and others we are watching have done.