It's not just level 2, but the chart is forming an ascending triangle which by itself is one thing, but add in the golden cross that should be real close to crossing at the point this is ready to break out of the triangle. We just need a strong volume day to confirm this.
RSI has cooled off and is in the reload zone...I'm thinking we get our break out on Wednesday based on these factors. Drop a PR to kick it off or at roughly the same time and we're over 60 in a heartbeat.
With lower volume stocks this isn't quite as reliable, because it is so much easier for one person to screw up the charts, but based on your observations of the bid chasing end of day (which by the way, I really appreciate you posting, because I can't watch most days) it seems like this is being setup. If I'm right, then the bold prediction I'm about to make will look like this...drumroll please...
Wednesday breakout with a golden cross (or just shy of it), share price on Monday will go no lower than .275 and the low will be roughly .02'ish higher on Tuesday and .02'ish higher Wednesday if it doesn't break out first thing in the AM. My conspiracy theory (good one:) is that we get a Wednesday PR to light this up. We break .40 easily on volume of 150k+ and should get through .50 possibly .60. If we get over .60, then this might be our push to a $1, but I think we'd stall at .80. Of course, short term stall for the RSI to reset itself.
No matter how it happens, or for that matter what day, I feel we are over .40 with that becoming a level of support. I guess we'll have to wait until next week to see if my crystal ball still works...
Whenever it happens, I'll see you at the top...
GLTY and AIMO,
TG
AIMO and GLTA,
TraderGreen
Please do not rely on anything I say to make a buy/sell decision with any security. If something I say cannot be backed up with an official PR or statement from the company I'm posting about, it is simply In My Opinion Only
