Random Thoughts about the direction of TDEY::: As likely as it might feel that TDEY is heading for .0005 or .0006, the same chance exists for it to break back into the lower teens. You see, TDEY is in your classic 'grey area' right now. She's conflicted. On the one hand, she's delivering good news about being current, while on the other, she's progressing slowly on other fronts. The result is an impasse - a battle between the bulls and the bears.
With a slow erosion of pps over a long period of time, interest in TDEY has waned. Gone are the days of the IHUB Top 10 - TDEY's volume is now virtually non-existent, trading only a few million shares a day.
With all this going on, what are we to take away? Monday's trading action certainly mucked things up. Although TDEY was able to grab .0012 early, it disappointed for the rest of the day. It put forth no real effort to retest resistance. The result was an ugly red bar on the daily chart. With 30 mil + traded, TDEY ended up at $.0008, a support level that has been getting thinner day after day.
With a new 'current information' status, could TDEY fall even further? Here's my take. It probably will - but not for long.
TDEY's stock trades like a slow moving barge. Doesn't it feel that way? Day after day - chugging down the river at a snails pace. Well if the course the barge is taking represents its share price, then a change in direction, despite any type of news, is going to be a slow and tedious process. There's too much overhead, cargo, float on board. The ship is weighted down. It takes time to get on the right track.
What I'm trying to say is this: Unless it's fully 'baked-in', the response to TDEY going current will eventually be felt over the short term. Since it's generally considered a positive for a penny stock to go current, TDEY's pps should be helped over time. In fact, this pressure could be the impetus for TDEY to change course sooner vs. later. If this is sustained, it'll have an opportunity to reverse and develop a shift in trend.
But remember, there are other forces in play. Going current is great, but other storylines (check IHUB) are unfolding too. As more and more of these forces' align, a consensus will be determined. In here, you'll find TDEY's support. Don't despair if TDEY spends a day or two down at .0005 or .0006. I think by then, the barge will be mostly turned around. If .0008 is breeched, a resulting washout (look for 35 mil + shares again) will be quick and painless. Just hold on tight & don't sell into fear.
With Monday's increase in volume, don't be surprised if we get some clarity as early as tomorrow. We could see a reversal if TDEY opens lower and closes higher. If a visible 'washout' shows up in the volume on the chart, I'd argue for a resulting bump in PPS (teens). I'm leaning this way on the heels of Monday's news on moderate volume. Short term I say - let it ride.. Sooner vs. later, this ship and about to sail !!
GLTA
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