RE:we all knowThe answer is (in my opinion) “penny flippers” are not
fundamentalists, there are technical analysists
they don’t care about long term “potential”
all they see is that the MACD is looking to cross down,
stochastics have crossed down, downtrending since the
52 week high peak, volume continues to decay from the millions
we were trading those couple days.
i am technical chartist trader and I see an upward channel
which shows $0.72 as top of channel and $0.60 bottom
i don’t think it’s coincidence we hit $0.60 low yesterday and
bounced back to $0.63
I again see and think it’s good short term that we trade sideways
between $0.60 to $0.65 creating higher base before news
warrants a new 52 week high based on material change NR
TECHNICALLY... we need a break AND CLOSE above $0.66
for us to see next leg up.
til then bias and trend remains to downside.