Followers | 377 |
Posts | 17270 |
Boards Moderated | 3 |
Alias Born | 03/07/2014 |
Tuesday, June 10, 2014 10:57:29 AM
It broke the 200 DMA twice now on May 20 and 21st, the 20th being on high vol. It touched the 200 DMA yesterday and looks like it's gonna test it again today possibly.
If it breaks the 200 DMA (.02), it doesn't have much support below that, clear to the one cent range IMO. Whenever vol dries up on this one, like it has now for about a month, it "ratchets" down, just like it's been doing for over a month now, with some large, single drop days that can exceed 10% or 20% often, in a blink.
It's gone pretty much "ill-liquid" when it trades less than 1 million shares a day, or often, less than 500,000 shares a day now (500K x .02 = only $10K a day in total dollar vol). One sell order of "size" when it's at this kind of volume, drops it real hard typically.
This 200 DMA area is either gonna hold, or it might be a 1.5 or 1 cent stock again soon, IMO.
Kona Gold Beverage, Inc. Updates Multi-Million Dollar Merger and Posts Over $1.2 Million in Q3 Revenues • KGKG • Nov 15, 2024 10:36 AM
HealthLynked Corp. Announces Third Quarter and Year-to-Date 2024 Results with Strategic Restructuring, Third-Party Debt Repayment, and Core Technology Focus • HLYK • Nov 15, 2024 8:00 AM
Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023 • ACGX • Nov 14, 2024 8:30 AM
Unitronix Corp. Publishes Its Cryptocurrency Portfolio Strategy • UTRX • Nov 14, 2024 8:05 AM
Avant Technologies and Ainnova Tech Form Joint Venture to Advance Early Disease Detection Using Artificial Intelligence • AVAI • Nov 12, 2024 9:00 AM
Swifty Global Announces Launch of Swifty Sports IE, Expanding Sports Betting and Casino Services in the Irish Market • DRCR • Nov 12, 2024 9:00 AM