GREY:ABGPF - Post by User
Comment by
The_Guruon Feb 09, 2016 12:58pm
142 Views
Post# 24540129
RE:RE:Averaging Down
RE:RE:Averaging Down I know some people do not believe technical analysis can be done on penny stocks, but the pychology of all stocks is the same. Someone previously posted that confidence was lost in the stock with yesterday's trades. Unfortunately, that is likely true. The stock needs to form a new base or quickly get back to previous support around $0.145. The plunge through support and the subsequent large block trades has shaken a lot of shareholders.
That being said, I bought more yesterday as well. Shareholders might get frustrated as this might retest lows of $.105 since support held there, hopefully we will not have to endure that pain.