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been saying best chance is has is if it an pull a break even or better close would show ales breakdown, lack of pr and dilution playing havoc
Bleez......
Bless you have been about to visit, visiting, and then asking for people who aren't the area to comment for months now not buying it
Yup only chance this has is a big late day rally showing a false breakdown if not it's just more of the same selling
Sales today are all panic sells, the same sells that have been on the ask all day are still there. Just people fleeing from what looks like a new low incoming
Guess this is implosion day chewing away at the near term low and right into the 52 week below. Just like every penny stock all dilution no gain
There is zero action in level 2 before open it's an otc they don't work like that
Not sure what to make of it but on the hourly chart on AMeritrade the ACCDist line is insanely high, going much higher in the last sell off. just getting started with this study but can't really take it as negative as it is showing much more accumulation even as it seems like we are dealing with dilution? sorry to talk in circles there but anyone around that can shed some lot on the Accdist divergence with the stock price
Since we get little if nothing from the company, we can only observe the technical aspect of the stock. It held its recent low and is still working at two falling wedges from April and May, needs to hold .0014 for another 5-8 trading days at the longest and should break out from there if it hasn't already breakout is around .0019 (it rejected at the breakout line on the 17th). opposite being a breakdown and close below the .0014 or .0012 at the most dire.
I think thats everyones hope here, however positive PR increases awareness of the stock and the product as well as possible funding streams for expansion if it is going well. I struggle to come up with a rational reason besides we don't want to let our master plan slip (sarcasm) for not giving status updates on base numbers and retention.
its going to take some good PR to chomp through that 15 million sell, its been months since beta an update isn't out of the question anytime.
As much as I would like to see it I've never seen him back up a claim\.
Only things turning this around is an endless 14 bid or some PR coming out asap.
14 million on the sell never mind any chance at bullishness now lol
would seem a bit counter intuitive but if we can put in a 50 million day and only lose .0001 or even stay flat that will be a lot of weak hands shaken out and dilution done with and could see a pop coming so not all negative. if 14 breaks then we probably have a real wash out.
bids at .0015 keep building but there is a seller stepping up every time at 16 and smacking it down. will be interesting to see which cracks first. bids need to keep stacking up.
option 3 of course we sit here for another 7-8 days while more falling wedges get closer to resolution while RSI and Macd continue to stay positive.
Going out on a limb, .0030's this week and growing momentum as we move forward, higher highs and higher low's into the end of the year and beyond.
Theres the bid growth we need get it over 10-12 million and we will start to see the first major ask hits that we need.
Going to be fun to see what happens when it hits its first higher higher in a long long time. lot of weak hands on the last pop that sold the pop down when it didn't keep going, now they will get to chase back in. all technical indicators will be better this time as well.
MJTK still looking good for a bump, trades have all been in the 16's and a base of shares building at 15. this is setting up to be like Wednesday, need more on the bid and all indicators are still positively correlated from last week, RSI higher then before last bump, macd still looking up and crossed into positive.
Break out from the wedge, volume to confirm, rsi cross above 50 on daily, Macd Cross on Daily. Overall a good day, this tends to be a 3-4 day runner so potential into what i think is their earnings release next tuesday if they handle the delay like last quarter.
FYI after last delayed 10q they reported the next week, this time however losses are way down and beta is active should be a different and better themed report this run-up will have legs if it is.
Today or tomorrow it will resolve a falling wedge that looks to be on the bullish side, it just needs volume this afternoon or tomorrow for a good run, 500k buys at 16 are gonna cut it needs a 80-90 million day.