RE:Tick Tock pennyDoctor wrote: It is a long day many times I checked today no new action buyers or sellers RSI falling great time to buy...
Like I said many days ago, this is the time to buy. There are no IFs and ORs.
New base has been established. Support 48 and Resistance around 62. Once we get out of this realm, hopefully sometimes next week, that chance to get in super cheap will dwindle away. Since selling pressure has been miliscule compare to a week ago, months end nearing, shorts will need to start covering pretty soon here depending on their broker. This should create a buying pressure and a nice momentum upwards. Mixed with good news, hopefully next week, it'll be happy days all over again.
Remember, short squeeze is more common (and effective) in stocks with small float, like this one.
I have attached a graph from last 10 days of what I think is happening right now. There are some info I have left out but on a basic scale, it should give some people an idea to what to look for in near future.
