Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It’s trading on TD
4th day testing .006. It’s getting less and less likely that it will hold.
Unfortunately (especially for new traders) all caps and exclamation points are dominating the board.
When it attempted and failed 9 days in a row to break above .0078 last month, it was pretty clear it would test .006 again. If .006 doesn’t hold (which it likely won’t), everyone who raised their hand holding 1million+ will be down much more than they already are.
I too “hope” this thing has an epic run, but history says to buy in the leg down and sell on the bounce.
Agreed. The market already proved it doesn’t care about the patents by returning to pre-news levels within two week of announcing.
This thing has been a textbook chart play using simple trendlines along with support and resistance levels.
Those who relentlessly hype will claim victory at the next bounce, though that bounce probably won’t be enough for most to break even.
The next leg under .006 would likely be a great place to buy for a bounce play.
Hopefully I’m wrong and something epic happens.
Yes, I thought perhaps something wonky was happening in whatever view peeteman has and perhaps it was showing “0” volume, so I was letting him know there was indeed a little bit of volume.
Dude, did you need to PM these types of messages to ppl who want this type of input from you. You’re straight up giving trading advice in a public forum, and then requesting multiple times your advice be followed.
546,000 volume today. Not zero, but low.
.0078 up again. Maybe today’s the day it closes above.
Anyone’s answer to that will be 100% speculation, hopes and dreams. Look at the 1-year chart. History says that in 3 months this will be lower than it is now. The big spike in April was due to patent news, and it went back to pre-news levels within two weeks. Of course, it could explode any minute as well. Who knows.
We still don’t have volume to support a big spike. I’m guessing the 7-day wall at .0078 holds today.
Today will be the 5th day in a row it attempts to break .0078. If it doesn’t break over the next few days we’ll likely see another leg down. (Simple downtrend continuation, which shouldn’t surprise anyone)
Yeah, bizarre.
Just for clarity, you’re viewing telling everyone to “hold your shares” for weeks on a ticker that has now decended back to all time lows as good advice? Wow
Big bummer for them, but outside of some bounces this thing’s been on a downtrend forever. Nearly everyone that’s in now is down, in most cases significantly.
Even an amateur chart trader can look at this daily chart and see how clearly the trendlines, supports and resistance points reasonably predicted movement. Of course nothing’s 100%, but this thing has been nearly a textbook chart play.
I won’t be excited unless this breaks .012 before dropping below .007. If that doesn’t happen it’s just a continuation of the year-long down trend.
Nice close. Three green days in a row, which is rare. It’s going to have to fight the downtrend on the daily chart to break upward from here, but fingers crossed.
Trying to break away from .01
Most likely yes. The 1-year weekly chart tells the story here. People holding this on hope, patience and “knowing what they own” are almost certainly going to lose. Just buy the dips and maybe the bounce you catch is the big one.
Really? Do you get paid to do this? And where can I sign up?
The market already decided it doesn’t care about the patents. Only took 13 trading days to fall back to “pre-patent” levels after the news broke.
Unfortunately you’re probably right. Decent bounce followed by downward continuation. Rinse and repeat for the last year.
The sideways action is encouraging, but it sure is teetering.
If this would just trade sideways for days or weeks that would be a nice break from the usually downtrend continuation that’s followed every bounce.
There isn’t a single person yet that this has been a good long term investment for. It’s a three year downtrend with some 2-5 day bounces along the way. The market didn’t even care about the patent news. There is no uptrend, and patience has not paid off for anyone. There “could” be a massive bounce coming that is the “life changer” everyone is hoping for. But history says play bounces and get out.
I’m pleasantly surprised this didn’t fall apart in the last half-hour. I thought for sure it would.
5min chart acting like it wants another leg up, but this late on a Friday... we’ll see.
Any day it doesn’t fall through .01 is a good day I guess, but I hope it doesn’t continue to test it.
The chart I’m seeing has this teetering at .01 support, with strong likelihood it goes almost immediately to .009 if .01 doesn’t hold. We can hope it holds, but nothing about this chart indicates “bull”.
Unfortunately the chart is indicating a fall through .01 , we’ll see soon enough.
We’ll I guess we know which way it’s going to break...
Has anybody else noticed that pretty much every penny stock “communication person” is incapable of drafting a proper message. There are about 20 things wrong with this email. smh
Next few days might be interesting. Last time it was at these levels it bounced huge. I’m guessing it either falls hard through the floor, or puts in a nice bounce from here.
Is that 1.7 million on the ask?
Not loving this dance with .012 . If it falls through things likely get extra nasty.
5min chart is brutal... we need some bounce in the next 20min or could see another leg down.
Well the volume is strong... cup half full.
It doesn’t mean anything. These are automated stock valuation reports than run on algorithms, and in penny world they’re generally useless. Penny stock prices run on hype, news and emotion, and are almost never connected to the actual value of a company.
Wow 900k bid at .0157
It went from these levels to .06 and back in 16 trading days. It not like .06 was the base and it fell through to the current level. Sounds like it spiked on news hype and the hype didn’t stick.
Hoping for a bright future...