RE:technicalTechnically, nine cents is not the bottom as it didn't close at that price. It hit nine cents so briefly on a single day that it barely registered. And yet many of the bashers were saying that they all picked up shares at the nine cent year low. Yeah, right! All there did was look at the data and see the 52 week low and then said they bought at that price. LOL It's so obviously when they BS.
So far we already double bottomed at ten cents and if this holds then we will see higher lows and higher highs. The 20 day MA is wanting to cross over the 30 day MA, that would be bullish, but the powers that be seem to be preventing that from happening at the moment. It will eventually cross, which is probably why the share buyback has been heating up in the last week. Get as many shares as they can at the cheapest price. We'll have to see what happens, maybe we triple bottom. If we hit any lower than the stock is clearly being manipulated to prevent the crossover. I've seen that happened many times.
tankumo wrote: Can we see another double bottom coming up? Recent support at 9 cents, hopefully it can hold. See chart below.
