Guided Therapeutics Inc (GTHP)

[SPM555]

.05 isn't a small hump, if you look at the chart there was a lot of trading in the 04 range give or take, and as a result that's a current level of legitimate resistance. IMO we're working through that resistance with these recent tests of .05 and once we're through there's little to no chart resistance past that.

You've been here for a long time and you've seen the entire shit show so I can understand why you're anxious with these pops bouncing off of .05, but here's why I think your perspective is off and this is the beginning of something big. GTHP is trying to reverse basically a five+ year downtrend at the moment and not just any old 5 year downtrend. When adjusted for splits this thing was unofficially trading at 75,000 in today's post split structure, which means anyone who bought in 2015 or earlier is basically down 99.999% right now. My point is it will take time to reverse the course of something with that much momentum behind it. The sentiment has been plunging with the share price to a surreal degree and a trend of that magnitude takes time to reverse. It's like tipping over a heavy refrigerator. You wouldn't necessarily tip it over with one push, but if you pushed it a little then rocked it back and forth a few times, then the momentum takes over and voila!

Here's a monthly chart showing just how absurd the downtrend is in the grand scheme of things. There's no way it will make back most of those losses in the next hundred years but if you zoom in on a closer scale you'll still see a downtrend reversing. It would be an absolute miracle if this ever traded at $75 again let alone $75,000 but this is the sort of chart that could see a stock go from the low pennies to dollars. The chart has crazy potential and the fundamentals seemingly do too at this market cap. Let's cross our fingers this truly is a reversal in progress - sure seems like it to me.