TA doesn't really apply here does it? I think this is more of a Fundamental play in every aspect.
What do we know?
1) It is going to take much more than say for instance OCT 2nd press release to move this. ( I thought that was pretty good news) But, you know.... "Boy who cried wolf syndrome"
2) There is a lot of debt still left to dump, and though people might not be selling big amounts....They sure as heck ain't buying either. (You'll get all the 1's you want. )
3) While I think the SEC is extremely slow moving, I hear there were a dozen or so complaints to them about adtm and PlutusX. I think at worse case scenario they shoot it to grey market.
a) They have no biz license, no registered agent, and they are not current.
b) While pinks are known for just moving on stories that are pr'd, these guys have followed through with nothing. Not illegal really, but SEC does look at that.
If, and I do mean if the SEC does anything... you know as well as I that adtm is a prime candidate for getting shot to grey market. I've seen tickers get there for a lot less.