on the weekly chart the next dampening line is the 100 day at .0059. if you look across to that .0083 spike, you'll see the stock played in the corresponding .006 area throughout the first months of 2022. that then is a potential target on the break of this .0033 area.
now as you can see, all the indicators are trending up, and, furthermore, you can infer from the stochastics that the buying hasn't yet kicked in. today we saw a seller working hard at .0029 to keep the stock in place, but i do not assume that was to crash or dump the stock. its more likely it was to enable a buyer to build a bigger position. i look for that seller to either ease up, or be taken out in the near future. tomorrow? maybe!
btw, if you look at the daily i posted, you'll see the same upward trend, and if you extrapolate off the move from .0005 to .0033 this could (and should in my estimation -- whatever that's worth) have a corresponding run from .0032 to .006. history has a way of repeating itself.
lastly, the chart doesn't begin to overheat until it's around .005. in any case, i suspect we may next have some resistance somewhere around or just above .004..
of course, time is the only true measure and i am just a wanderer on the path of life itself. when i was fifty, i thought i knew a lot. 20 years later i know i know little if anything at all. but hey! we all travel the road of destiny.
good luck to you
rich
AI
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