PSYC Corporation (PSYC)

[FreddyJ_30]

Swingers playing the .0052 - .0062 channel. On the 3 month, if they caught it, they saw the head and shoulders pattern which when played right, you would have sold at the peak .0058 - .0062 range for 15-19% gains. Not me I'm long, but this stock is going to have more swing trader volume than long buys until they convince more people that they're ready to grow up as a company. Still can appreciate a good play by those short-term investors.

Looking at the chart, you can even see a second head and shoulder developing and the right shoulder may be ready to pop anywhere between .0055 and .0052, and could have a trajectory of .0066 - .0068.

Just saying, if this stock can demonstrate any amount of follow through on such technical indicators - head and shoulders being a bullish one - then it could be a sign of reversal. But with $32,000 average daily volume over the last 30 days, I doubt the technicals can be trusted here. Good thing is, today's volume is looking to end below that average, and if it can stay within that .0055 and .0052 range until that 3/30 deadline of 2018 financials, then any spike in volume could trigger that next head and shoulders before that binary event occurs.