SOKOMAN - TECHNICALLY VERY BULLISH CHARTIts a bit insane to think one can use technical analysis on unpredictable & volatile penny stocks.
Sokoman's chart is so incredibly bullish it is freakin' "off the charts".
As mentioned before, I do not recall ever seeing a PP deal where warrants issued are in the money the day the deal is announced. Quite frankly, the nature of these deals is directly dilutive on the stock and in the vast majority of cases, the share price immediately declines. To finish up in the black on the day the deal was announced is a very powerful bullish signal.
In order to keep this train rolling onward, we will need some kind of excellent news next week. Otherwise, this stock will languish. Remember, that $0.30 was resistance for a very, very long time. Recent price action has flipped $0.30 from resistance into support. If you find the price getting anywhere near $0.30, it would be an incredible(and probably the last) good buying opportunity.