Problem here is NEW MONEY has stopped coming and only IHUB posters are buying and may be few here and there..That can't keep momentum going forward.
Falling volume is clear sign big money flow IN has dropped huge unlike the 0.22 rally, while OUT flow become huge at the first sign of stalled momentum - I bet momentum will be gone next week - Watch how it unfolds. I can spot technical pattern quickly, the buyers here can keep this up only for so long as money runs out quickly and when stock stalls, Level 2 starts flashing 200K sell blocks
The stock is now stuck and will trade between 0.14-0.17 and I don't think pattern is going to change in new few weeks because money flow is becoming negative, with more sellers than buyers on stalled momentum
With no new money coming in and lots of sub-penny holders and many in low pennies, all you need is 200K sell order flash and everyone runs and starts dumping before the next big guy dumps
Confidence is all gone here
sorry
You can spin the way you want, volume and Level 2 never lies...
This has rallied from 0.14 to 0.17 on very low volume while volume on the dump to 0.14 was 3.5 times the current volume. That says it all. This is small dead cat bounce that does not have enough holding power
That is why I have been saying the last pump to 0.22 was purely Technical rally from the wedge breakout at 0.1, that has ran the course. That's why MM started the GAP up to 0.22 and since then it's all MM playing games with people. They hold the selling, create small bounce and dump again
When stock failed to hold 0.2 for long period with just 2-3 days hold above 0.2, fast money dumped and moved to next HOT play
Now the buyers are long term buyers, how long they can keep this up ? before dumpers line up
Historically penny stocks are not meant for investment and good only for flipping. You guys are fighting huge battle here and that's a losing battle. The only way this will sustain gains is company finds big money to invest in their concept and more organic big funds and not flippers of IHUB and penny stocks
Once stock price hits this range 0.15-0.2 - It's dead money in penny land, the float here is huge and OS is absurd unlike OWC@P stock with tiny float. This stock will be stalled in this range for long time..and as you know HOT money in pennyland never likes stalled stock. They want fast rallies and instant gratification of GREEN gains
My gut feeling says this stock will never hold gains above 0.2 - EVER ! until it moves out of the penny exchange for good
Fundamentals MEAN nothing in pennyland, 90% of the people flip stock here. This stock does not have high volume flippers like DC@TH and OWC@P is dead. The rest of the bitcoin fad has higher volume like BT@CS and BT@SC..
Bottomline
This is dead money in pennyland at this level
Upside is limited
You will see few weeks from now where this goes nowhere despite all good news..The price is too high to sustain in pennyland with stalled momentum and pathetic volume
Recipe for dumpers when they see stalled momentum
I understand the psychology of penny markets pretty well
We will see..
I see this stock at this range for long time, PR will come and go..revenue news will come and go, franchise news will come and go
upside is very limited until the stock moves out
Pathetic volume can't be hidden and fundamental buyers are going to get frustrated here for long time as stock barely moves and will NEVER hold above 0.2 for long time, if there is rally, will be brief and will be sold
watch the drama for next 3-6 months
This will never hold gains above 0.2 for more than 2-3 days
People will just flip this in channel for next few months until this moves out of penny exchange, not sure if that's easy. I have doubts on moving out to higher exchange and will take some serious time.
My analysis on this is 6-9 months - DEAD money and channel flipping until this is fully moved out and OS is 1/4 of current shares
I telling you the future and we will see 3 months from now it will still be trading in this range with occasional rallies and then sell offs
the stock is now stuck for long long time..
and will be channel bound..until SS is dramatically reduced by 1/6-1/7 of the current OS..0.2 is high price for penny stock with such pathetic volume, every rally will be flipped here and will not last since the volume is poor, occasional pops will happen but will not hold gains when Level 2 dumpers line up and MM short the rallies
Just watch
