On the SellingThe selling pressure has been a High Net Worth investor using a Hedge Fund to execute a tax loss. The position will be flipped to long once executed. That it is why the BID/ASK volume was so inlign and well executed to ~.80. I had this confirmed to me on good authority.
The Starseed deal closes Monday.
It sucks, but it's the only was to execute a trade in size on such a low volume microcap stock.
So no, the techincal analyis does not confirm anything here about crazy predictions of much lower prices.
.80c should stick