All (READ) - Fellow PIHNheads, we are currently coiled and a direction will be determined on Monday or the end of the week at the latest. Either it goes up with the bulls or goes down with the bears. The next two trading days will determine price action.
Any sub-sub-penny stock trading in the .000 triple zero range takes a while before it can move up. Why? Because $2000 buys 5M shares at .0004. These holders wind up killing the price action because when they dump at bid, the bid support cannot handle it especially when multiple .000 sellers try to sell at bid. Once these sellers get flushed out and their shares are absorbed into strong hands, you will notice a few things...
1. Trade size starts to come down.
2. Volume starts to come down.
3. Price starts to go up.
You will see over the next two weeks starting Monday, dramatic price increases with little or no corrections on lower volume. This is the sign that the big holders have sold for a profit and have moved on.
My prediction is as follows...tomorrow will be a day of consolidation and traders are going to want to get in before the end of the week. Suspect news is coming our way in December as Kuni noted...Lets hope it is very early December.
After news is released, I expect PIHN to touch .007 and new support will be around .0033 Drop dead support will be .0023
Week after, I expect PIHN to break .01 and new support will be around .008 Drop dead support will be .0043
Good luck everyone