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Could see a nice pop if we can chew through the wall at .011
Touché
We’ll see soon enough. Fingers crossed it levels off. 5min chart today is brutal.
Unfortunately you’re probably right. Two weeks stuck at .01, and it’s acting like it wants to go right back there.
A clean break of .012 today would be amazing.
We can’t keep riding .01 like this. Tested .01 6 of the last 10 days. It won’t hold forever. If it breaks, it’s likely a straight shot to .008 .
Looking for that catalyst!
Ya, 5min chart is brutal so far today.
Sideways day, I’ll take it!
5min chart acting like it wants an afternoon pop again.
Chart looks to me like tomorrow it either trades sideways or we see some upside. .01 held for 4 days straight, and today showed some green. Hopefully the beginning of a nice bounce off .01 , but who knows. I thought for sure it was going to fall through .01 yesterday or today.
5min chart acting like it wants another leg up.
.01 is holding up surprisingly well. The daily chart is screaming “look out below”, and .01 just keep holding. We’ll see!
LOL for sure. Charts rule my world. Trading on hype and hope is a losing proposition in the long run.
It’s acting like it wants to bounce a bit on the 5min chart. Been trading sideways since 11am. Likely breaks one way or the other in the next 40min.
One reason it didn’t soar and hold today is because this news was anticipated. Many would-be buyers had already bought. Many of those already holding sold on the news. A general guideline in penny stocks is “sell on news”. If you buy on news, chances are that in the moment you’re buying high.
We really need to close above .014 for the chart to be a decent setup for tomorrow.
Seems to be bottomed on the 5min chart. Maybe some bounce here.
Ya, not loving the action today. And if it doesn’t close 2.07+ I won’t love the chart for Monday either.
Daily chart is looking nice here. If we can chew through the wall at 2.08 we could see some upside.
Could see a nice green day today if we can chew through this wall at $1.90
Some volume today?
Tomorrow will be telling. Everyone who has been here a long time knows that this thing trades primarily in a sub .008 channel. Todays volume is nearly half of yesterday’s. Without a catalyst it likely returns to that channel in the next few days. We’ll see soon enough.
8th day straight of trying to break through .0068 . If it doesn’t break soon, we probably see a leg down.
We really need to break above .0068. Today is 5th in a row its tried.
Unfortunately all of this known information has done nothing for the stock price... it’s already all baked in.
Everyone new to this ticker should look at the 1-year weekly chart. Not a single person who bought prior to this Monday is green. This has been a perpetual downtrend with some nice bounce along the way. We just had a nice bounce, so what happens next is fairly predictable.
Nice move today. Unfortunately only those who bought in the last 4 days are green.
Wow wall at .0077.
I’m quite surprised the price hasn’t completely fallen apart already since the RS. We’ll see how it fares over the next few weeks.
Could be ppl who have been holding for years finally seeing the opportunity to get this ticker out of their accounts.
If the trend pattern holds, we’ll see a nice bounce off .007. If .007 doesn’t hold, it’s a likely leg down to test .006
Right now the price is barely being held up by the trend line on the daily chart. If we don’t see a bump in price in the next few days it will likely fall below trend and put in a leg down.
Very well stated.
Of course, despite the trend I can see those that bought on the spikes being frustrated.
I’m looking at the 1-year daily chart. This is a textbook chart play by my view.
It was 0076 at 10am, and was 0081/0087 the last 3 hours of trading.
Can you clarify the meaning of “runway”. To new traders, runway would create thoughts of sitting level and ready, anticipating take off. Is that what you mean?
I too am a chart trader, and what I see is a perpetual down trend with some nice bounces along the way. To me, the concept of a runway would be a ticker that’s been trading sideways for a period of time, and ppl waiting for a break one way or the other.
Should be a nice leg up if we can chew through this wall of .45s
Unfortunately the only thing holding it up right now is .006 support, which it has tested 5 out of the last 6 trading days. Likelihood of it falling through gets higher each time.
Share “buyers” at these levels will likely benefit from a nice bounce.
Most share “holders” will be lucky to get out even, as most of them had “strong hands” and believed that “patience is the key”, and believed that “runways” somehow continuously go down hill. So many ppl need a bounce of 200-1000% to break even.