Hi. Thought I’d throw a WAG out there just for fun. If I was trading J&$# on purely a technical basis… I would be selling over the next couple days as the price approaches 0.01. That is usually a huge psychological resistance for many, and the price will be up 4+ days in arrow. Then I would be buying back in the 0.0045 – 0.005 range as price retraces 50%, fills the gap, and tests the 50-MA which should be rising up and continue to provide strong support, and should likely be at around that same level by then. Then the next test of 0.01 will hopefully bust through, as golden cross will be very bullish and provide support for continued uptrend.
I suggest this because I really hate gaps, and would like to get it filled sooner rather than later. But who knows maybe this will be one of those rare OTC stocks where the news is really good enough to trump everything else, and we get a gap & run. Either way, expecting good settlement news and positive outcome so I don’t plan on messing around with trying to trade this stock. Fundamentals are too good and the upside due to settlement still unknown. Looking forward to news. If they extend again, maybe above scenario is more likely.
