TA UpdateThe charts have seriously broken down. It appears the tax loss selling has begun.
There is a gap from Oct 27th at .08, so expect that gap to be filled now.
RSI is sitting at 43 and heading down...looks like it has a good chance of getting down to 30 before showing a bottoming.
Full Sto pointing straight down and not showing a sign of bottoming as of yet.
MACD also in the negative and continues downward with lots of room for further downward movement.
Stock price breaking through the lower line of the Bollinger Bands which is a very negative indicator.
This is the third negative candle in a row with a gap down today.
Unless the company comes up with a very good nr today or tomorrow, this stock looks like it could very well get back to that .06 level before all the carnage is over.
Sorry for all the doom and gloom, but that is what the charts are presenting at this time.
Mediascan