HOLDing PatternWith a minimal of shares traded and someone(s) throwing out 70,000 shares at the very end of the day at $.35 ....today was predictable. The penny flippers and the remaining shorts are fooling around with the remaining weak hands. The other 198 million shares outstanding didn't move.
WHY? ...because all those holding those shares are anticipating the possibility of extremely exciting news any day now.
Analysts rarely weigh in on penny stocks .....but NRs from the last 6 months weigh heavily in a positive direction, once again vaccine manufacturers are struggling to keep up with government pronouncements and much, if not all, of the world still needs an inexpensive dependable, rapid, point of care covid test for the foreseeable future .....and AcuVid is as close to the forefront as any other.
The strongest support today was at $.35 and the resistance levels were not much higher. Everything seems centred around this sp until we get NEWS.
GLTA!!!