Chart guy -comment. Traders Rule #23
Block crosses at share price lows are very bullish.Over the last number of weeks there has been a distinct pick up in larger than usual block crosses at the bottom of the trading range.
This indicates the smart money has being aggressively cleaning up over hanging chunks of stock from weak hands.Also some of those trades could be arranged trades as some parties are placing stock into interested larger investors hands.The nature of these recent trades are not that of small investors.
Any trading above .15 cents would indicate the start of it's break out run.The .15 level is where the declining 50 EMA period weekly resides.
Chart Guy