TA UpdateThe chart is very close to breaking down. Looking like some want to break through that 200ma at .31
This is not a chart where traders will want to buy in as it could now break down as easily as breaking back up.
All you would need now is for a mm to dump some shares to trigger some stop losses and pick up some discounted shares.
Tomorrow's Friday, so I wouldn't think they would be releasing any news and thus allow the pressure to continue tomorrow but would then expect some buying to come into the end of the day in anticipation that we will finally get this long overdue report out.
We are at that decision point, and the Bollinger Bands are definitely showing that.
Better be something out soon, or this stock will look pretty ugly for those holding...or on the flip side, very attractive for those wanting to buy.
Happy Trading all,
Mediascan