Saturday, September 23, 2017 4:50:04 PM
Look at 3 and 6 month chart.
Make a line that connects the lows leading up to now.
It's gonna bottom out around .007x then turn around for a nice fat run. Maybe the bottom has been hit already.
Bid at .0062 is a stink bid. If it fills, expect a turnaround rather soon.
For it to fill, someone will have to sell into bid or it's gonna be a massive volume bid that can't be refused.
However, I still think low 7s are/were the bottom for this leg.
Hurricane put a damper on things.
Be patient.
Looking for a chance to scoop some up.
Realistically, this chart has a pattern of downward stairsteps (spoke followed by decline)
When their business model comes together, it will hopefully form a mirror image of the trend. Stairstep up, consolidate and stairstep up. Rinse and repeat.
It's coming.
GLTY and GLTA
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