Top Shelf Brands Holdings Corp. (DKTS)

[livinginstyle]

The following is my opinion only. That opinion is based on past experience. Please remember I am long here.

I do think this is due for a bounce based on this drop only. That said, due to the steep drop (see chart) without news I feel it will want to consolidate right where it is until news hits. Why, because that's what stocks like to do after big moves either up or down. If you look at the chart below you can see the start of that consolidation already. Now picture another candle closing about here for today and you will see it even more. There's no volume to move it up.

It could consolidate more and then break downward to .003 next weak support. Why? Because stocks like to keep moving in the same direction they are already heading. I have 10K waiting to buy at .003 if it gets there. If it does get there, it could see .002 which is a 100% retracement of the move which happens often in this type of stock.

Again, this is my opinion only based on trading experience and I am probably full-of-it.