Afternoon TAWith just over half an hour to go before the market closes, the stock has broken through a critical support line again at $1.01
Once again, the sell yesterday at $1.05 is confirmed.
The stock was unable to attack the resistance line at $1.09, confirming the cash position.
Fundamentally, the millions of shares that become free trading after the close today will have a definite impact on the share price going forward since they are all sub .20
Stay in cash and watch how the market responds over the next week.
All support and resistance line are pretty much the same and the same trading rules apply.
All in all, a very profitable week and all profits have been locked in.
Cash is king right now.
Happy Trading all,
Mediascan