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Timing the bottom here was pure dumb luck, there is no way technical or fundamental to predict such intense volume sell off. Which leads to either warrant conversion and/or coordinated price drop to get in cheap in anticipation of news..but hey its anybody's guess.
Wow never thought this would have two day 50 percent correction and would test the 30 minute 50MA at 1.10, but having held I agree the bottom is finally in. again wow that was really mind boggling.
Gotta love the OTC market. like the wild west.
Some perspective a real dump or loss of confidence would have tanked the price to below $1. I see heavy selling met with heavy buying except the price is being held back, an accumulation tactic. this wont last much longer, IMO.
Good for you. The selling was intense but so was the buying, pretty impressive. Price is definitely stabilizing and hopefully back above 1.35 soon.
Selling is running out of steam, looks like the 1.30 is the floor.
Trying to establish a low here at 1.30 but needs to get above 1.35 to confirm.
holding tough around 1.35 despite +4 mil selling volume pressuring the support. but selling seems to be slowing down.
Nice back above 1.35 a previous resistance turned support.
Just needs to hold 1.35 and can churn here all it wants and all will be good.
One of the best post so far as explaining how demand drives price appreciation. Worthy of a sticky note.
hmm that crossed my mind if news is coming.
I agree with the bounce at 1.40.
Just need to hold 1.50, it's not a race to see how fast we go 2.00.
The $1.50 resistance point is here, lets see how long it takes to get past it. Should be a more psychological resistance point as it leads to multi dollars, on the other hand that should be the same reason to cruise right through it.
wow finally past that pesky 1.34 resistance,woohoo.
thanks raja and all the best to you.
no prob.
I was hoping it would be minor resistance on the way to 1.50 but not so sure now.
great looks like 1.24 is in the rear view mirror. up next is 1.34 and then the big break is 1.50.
challenging that 1.24 again. lets see break and hold this time.
dude we are on the same team, but please drop the bold.
just reading the chart and not making predictions like what you do.
chart also said there is resistance at 1.24 and were struggling to break and hold that point.
thanks for losing the bold.
are those the .95 you sold yesterday when we were going back to the .80s and lose the stupid bold.
Get the resistance points straight its 1.16! must break and hold.
Needs to break and hold $1.16 to continue the upward move.
I'm not complaining either. In fact I hope in wrong every time and price goes up. I just don't invest blindly and sure as hell don't hope for others to tell me price movements.
So what do you contribute to the board...nothing from your post history.
Guys respect people selling shares, take the high road and forgo the comments and those selling no need to advertise, please.
Price movement is perfectly normal so far, retail is churning which allows for a quick price drop then shares get picked up quickly. A churn in the teens would be very healthy, but don't think will stay here for long. the dow is down 160 pts and heading towards a bear correction, so where else are they going invest and make money. Follow the volume.
Sweet the $1.06 break an now $1.16 break and hopefully hold and onto clear sailing to $1.45.
SRPT mind boggling that its up 7% to $34 after 2 years of on/off results and we are at sitting at $1.10. but I like my chances a whole lot more here with AVXL.
I would be worried if they weren't holding it back. I prefer a slow steady upward grind with small retrace then you avoid the sudden drops that take out stops.
I really like the chances of $5 plus into results given the great data earlier, upcoming data release and any other news is just gravy.
getting noticed thats for sure.
hard to believe were only at $1.10 compared to all the other stocks in the same field.
Break $1.16 and clear path to $1.45.
A hold of $1.06 should allow for a close over $1.16. GLTA. Of course now that were over one we should be an every radar an bring the daytraders, so lets see how it plays out.