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Tuesday, May 08, 2018 12:50:40 AM
The price hit resistance at $1.6 last Friday then ended on weakness at $1.45. This made for a 1.5 day bounce off the .96 low. For those that had the time to sit at the computer it made for a decent flip. The price is back down to the 50ma and the downward trend resumes. When it gets below the 50ma $1 wont over much if any support might see some in the .70s. .6-.66 should be more solid of untested support. Real support is .33-.38ish. 200ma is in low .40s will be visited below the 50ma as well. In other words take your profit or loss before the price falls below the 50ma.
All the locking of shares won't stop the note holders from selling all the .07-.14 dilution shares which continue to put downward pressure on the stock price. Overall FUSZ does not have very solid support as we have seen falling from $3 to .96 is a short period of time.
The life of a dilution stock is relatively short and results in massive losses for many buying into the mania and momentum. Take your profits while you have them limit your losses and live to trade another day.
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