Zion Oil & Gas Inc (ZNOG)

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if we could beg tothe to post here again after he was told he couldnt post live stock chart links

i'm not a chart guy but fridays usually favor sellers- with fewer buyers-buyers are longs more than sellers are longs

buyers slow down on fridays absent news bc they actually work for a living and will sometimes reserve funds or even sell some for funds for weekend activities or vacations to warmer climes after winter-when is spring break?

in the incredible impatience of the market others will sell fridays hoping to place funds elsewhere hoping there will be upward pps affecting news over the weekend elsewhere

in penny stocks buyers(absent news) dont control pps- flippers, day traders,shorts and other mutants do

so absent news its typical on average for pps to drop on fridays

sometimes zn trades similar to other oil stocks and sometimes not-1 or more days this last week or so zn outperformed other oil stocks and -havent checked other oil stocks today- when that happens there is a reckoning to even things out sometimes

short term-absent evidence of a large buyer like we had mar 12 pps gyrations dont mean much

from 2hr 20 min to 2hr 30 min after opening friday,when day traders are usually getting out of the market(selling) for the day,pps plunged 3c to .75c on an rsi of 24(very low)
and there wasnt enough volume the rest of the day to affect pps much, so closed at basically the same price -75c,with aid of another 30 rsi (usually the bottom of a trading range),with most of the rest of late trading near 50 rsi(average -neither rising or falling pps)

the mar 12 sudden rise to 1.20 pps ,absent further news,created a downward gradient where day traders flippers shorters etc did their thing so far-but there could be surprises in store for them