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Looks perfect to go up a buck. Nice pincher! Wow...trading in multi-dollars...it's been a while! I'm used to all the pennies and subbies lately. hehe
I actually did not get any. Sorry for the slow reply-- busy couple of days. I'll check L2 again today for a bit to see what's up. I wasn't sure that the .10 would act as support, so I thought I'd play it carefully.
Wow, some pointless banter going on here. Focus on the stock and the facts. When people lose money, they get touchy and want to vent on these boards. But if you look at the chart, NSAV double-bottomed on high volume off of .0002 That's a technical fact. If you look at L2 right now, you see that the "finance" MM's like VNDM and VFIN are now gone from the ask (which is where they were on the dumps) and only retail seems to be in play. That's a fact. Will the finance MM's return? Maybe. Will they stay away and let retail play the stock for a bounce? Maybe. Let's watch and see and not get too carried away with the emotional side, which doesn't serve traders well anyway. The successful "big boy" traders will use emotion against you.
NSAV weekly chart with double-bottom:
ECAU bounced out of the .90's and back over $1. Just as I expected...now see if she can "boing" some more.
I find that XRMB chart interesting. I don't know the story around that drop, but techncially, I'd expect a bounce somewhere. Pretty low volume at the moment, so probably want to see a little sideways action to make sure she'd done dropping.
Wow, now that is a serious BOING!
I don't know about "penny land". Whenever you use shares for financing as they have, increasing the share structure, etc. it becomes significantly more difficult to lift the price anywhere near previous levels. Remember, shares have been absorbed / purchased all the way down, and that is a LOT of shares to churn through on the way back up.
I haven't researched the company much, but I know that if they have any hope of lifting the stock price up to higher levels, they have to start showing a viable business with regular revenue coming in. Every penny stock in the world has "great ideas" and "potential profit", etc. but only a few actually run businesses with steady cash flow. NSAV may bounce for technical reasons (plus MM's don't like to lose money in this game, so they'll create trade opportunities...if for no other reason than to lure chasers so they can flip their own shares), but a sustained run only happens on company merits.
I'm of the mindset that it is best to play the technical bounces and not worry too much about the "story" that is presented by the company. They usually want and need funding, so they have to paint a pretty picture to entice investors. Those who make money in pennystocks are those who "trade" rather than "invest". If you choose to invest in a pennystock long-term, then be prepared to go down with the ship, which happpens quite often. It's a matter of risk tolerance.
Sorry. I meant .001
With only retail sitting on the ask, L2 looks pretty thin to .001
However, she needs to rebuild the .0003 bid after it got knocked out the last couple of days.
ECAU dropped below $1 this morning. Now let's see if she gets interesting after that psychological breaking point. No doubt a lot of stop losses kicked in.
Good job. I didn't get any and am just watching from the sidelines. Up 30% now.
USGT getting a bit of a bounce this morning. .15's to .17's so far. Will it continue? I was waiting for sub .10's to enter. Oh well
I've been watching NSAV triple-zero play. The diluting MM VNDM on L2 backed off after another big dump that touched .0002 and the price sprung right back to .0004 with only retail selling on the ask. hmmm. I typically don't like triple-zero plays, but this one migh be a quick popper if the dilution is finished. Already flipped it once a few weeks ago.
WEEKLY NSAV chart:
Good to know. I'll probably stay away from that one with the Q. Oh well.
I was thinking the same thing about that candle. But going to watch L2 a bit and try to figure the axe. I'm guessing BKRT so far because that MM is typical and also lowest on the ask with no set bid.