That's not how this works... But I will say I do see our first true test at $0.001 (the 20 day MA), then around $0.0017 which is both price action resistance, and roughly where the 50 day MA is or will be by that point... We will also trigger a bullish PSAR by then, and those 2 MAs are about to turn upwards which means they'll act better as support than resistance... I also predict we'll at least see a 20 day and 50 day MA golden cross...
If we break the 50 day and price action resistance around $0.0017, we could then test $0.005s again... After that, who knows, the next true resistance point is a price action resistance at $0.02... Depends if the dilution is truly done, the news and filings we get, volume, etc... I mean this has all the potential to run to pennies... But never get too greedy or too hopeful...
For me, I look for signs of reversals...
I can't say when what will happen, I can just predict where I think it might happen at some point...
I will say, if we crack above the 20 day MA, we are likely to AT LEAST visit the upper Bollinger Band... Last time we cracked above the 20 day MA we hit the upper Bollinger Band and a high of $0.0056....
If we crack the 50 day MA... Well.... The next MA is the 100 day MA way up at $0.119... I HIGHLY doubt we go that high though... Though some people think we'll go to at least $0.10 based on filings and MBO rumors, etc... My opinion, we'll probably find a damning resistance level well below that... Probably at $0.02 like I said above... IF we break $0.005s again.... I doubt we see anything near $0.10... The MBO stuff, if true, only specifies that preferred shares will be bought at $0.10... We're not preferred stock share holders... We're common stock share holders... But I would say $0.02 is doable...
It is worth noting though, this is still considerably a low OS stock especially for trip 0s.... And an OTC-QB stock.... And with the right news, who knows.....
Also note worthy is August brings more convertible notes... Unless something happens between now and then to satisfy them before they begin dumping...
I will also note, usually right before a dump, there is a pump... So sell into any strength August for sure unless the notes are satisfied before hand...
Hope that helps and answers your question... That's my 2 cents anyways... Again, these are just guidelines, anything can happen... Charts just define likely scenarios... The market is still random.... I mean, notice how many times I said the word "If"... Charts are largely "if/then" scenarios... If this happens, then this may happen...
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