Kraig Biocraft Laboratories Inc (KBLB)

[es1]

The downtrend I am talking about is on the 3 month chart. 50 day sma is in a downtrend and crossed below the 100 day.
The 100 day has begun a downturn.
Other indicators are mostly fine.
But the lowering bottom price and lowering top price average it all I am really talking about.

This isnt so much about the company as those trading it.
But I see trader attitude sliding from "buying on dips" to "see if it goes lower"

Its causing bottoms to be easy to push for and lower volume

The PR with lack of market reaction will encourage the wait and see mentality.

And the PR telling us they moved worms puts the company behind where many thought it was. This will also lead to "wait and see".

The RS also adds.

So I see a lot of down pressure on buyer attitude but because of recent company developments not so much down pressure on sellers.

Someone exiting or shorting or a MM who is bored could easily produce a sudden downward spike that breaks the seller's or vis versa.

Kim could put out the PR that breaks buyers and we spike up.

Bellinger bands are pinching shut. Something is going to spike this one way or the other in the next few days