A positive takeaway from today:
A ton of shares were "moved out of the way" that may have acted as resistance at much higher price levels. Glad to have those bigger blocks out-of-the-way at these price levels, rather higher.
A lot of new investors who may have been waiting for an opportunity to buy in, received just that today and act as a new base of shareholders holding in the .10 - .12 range, rather those who had been holding from lower price points. These new shareholders will likely want to hold for similar returns as those shareholders that may have sold out today, who held from much lower levels.
In theory, we should have an easier time getting through previous resistances as we move back up.
Chart technicals cooled off today, and reset for a new charge upwards. And they not only cooled off, but worked perfectly to a T! As brilliantly pointed out by captainscotty, aka "cappy", several days ago, the PPS strongly bounced off a key support level, the weekly 200 day moving average. (My apologies to cappy for a snide response to that post, I didn't think it would drop that low, but I was clearly wrong).
All in all, I think today's action was needed. Those who trade the OTC shouldn't be surprised, as they've seen these moves time and time again. Not saying it doesn't suck, but there's just less panic and emotion spewed. I believe this is why there is an absence of some of the more experienced traders posting on days like today. When there is excitement, everyone likes to come out and play. Days like today, it's just easier to walk away from the screen and know this is just routine. Set some buy orders at key support levels, come back later and see that your orders were filled and already sporting some green on those newly acquired shares.
Don't mean to ramble on, too late now, but today in hindsight will actually be a great day for many who initiated a new position, experienced traders who added at key support levels, day trading flippers, and it should be a great day for anyone who bought shares much lower and may have panicked and sold. After all, profit is profit and should be celebrated.
Cheers to GRNH and continued success to all here. There is a ton of opportunity here for everyone!
Go GRNH
Rec
