Traack Technologies Inc (TRAA)

[GekkoTheGreat16]

I think this is just a good example of tempering expectations. This stock's tires were pumped to capacity on this board, the market is simply letting the air out.

Ultimately I am long here. But the charts and indicators started to trend a bearish reversal around the .18 range. We will need significant news to push the PPS back to those levels.

Here is today's technical analysis so far...

Moving averages, MACD, and Stochastic Oscillators have all retraced downward signaling more selling pressure than buying pressure. Support is level at .0666, however, with bid whacks, I am signaling the bottom at .05.

MACD low shows the bottom as .01, but I believe the data is offset a bit by the variability of the resistances. The good news is that if .08 - .09 continue to hold, it will signal the beginning of a bullish trend reversal.