The volume is the key. Over lunch time on Friday, there was a group that wanted a position, and the PPS meant nothing to them. The MM raised the Ask, and the buyers continued to slap the ask. If we see those buyers come in tomorrow, the sky will the limit for sure.
Once 3pm hit on Wall Street, we saw the Friday afternoon day traders sell off their shares, and we tested and bounced off the .12 area, which is very positive. Then in after hours trading, we saw some shares go for .13 which is positive too.
I expect this week to be a good one. Starting at .125 for us in the morning. I think the worst is behind for us buyers down here. The .09 triple bottom confirmation was great to see.
Then we saw the bounce at .12 on Friday, we did not break that support. This one has bounce all over it. Next resistance will be .15 on the way up, then at .19.
I want to see some volume for sure. 52m was huge for a Friday no doubt. Many of those entered and exited and made 50% ++ on their shares. However the accumulation that took place over lunch and testing .19 was crazy on a Friday.
This one has more than we know going on. Someone wants in for whatever reason. That is good enough for me to continue to hold my shares. If that big money is expecting something and they are willing to buy all the way up to .19. That tells me, they know more than I do.
I will keep my shares, and hopefully sell at a nice ROI. Best to all, IMO we are going to have a great UPcoming week. I hope to see .15 plus tomorrow, and see about surpassing a quarter in the upcoming days.
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