Thankfully I don't need to watch L2 to do chart analysis. Intraday charts are worthless compared to the daily and weekly. They apply more to day trading and are used more effectively there.
L2 DOES NOT provide or indicate support. The 'supports' you see there are fluid and also not legit. The supports and resistances listed on the daily are far more accurate. If you go by the daily versus what you see on L2, you will make FAR more money more consistently. I said in the beginning this would hit speed bumps at .03 and at .05 because those were and are the resistances (with .03 now being a support). That is a fact (not my opinion).
Sorry, not trying to argue, but it is what it is.
I do agree we had a lot of action at the price points you mentioned, which is also a sign of strength because it is consolidating below a major resistance which means it will more than likely break it easily.
$NEWC
Trade OTC's with charts, INVEST in big board stocks on fundamentals. Don't confuse the two!
