eMARINE Global Inc. (fka EMRN)

[was StockSniper]

I use several indicators and I don't remember all the details of how I came to that prediction.....but I do remember several indicators showed us as over bought. I sold out near $2 and watched it climb to about $2.40. I never thought we would go that high....and I never thought we would fall so far. It blows my mind we went from $2.40 to .22 in just over a month for no other reason I can see than manipulation and a panic sell off!!
I like technical analysis...but I'm the first to admit the limitations in the penny market because of manipulation and news releases many of which are deceptive. I bought back in at several prices under .70 and of course was dead wrong about being near a bottom at those levels. I still can't believe we are at .22!! The down trend seems to be weakening. Volume is down and the sp seems to be stabilizing a bit. No way to know if we are done falling or if this will rebound without confirmation of the merger?
We do look very oversold....but that does not mean we can't get more oversold. Any hint that the merger will fail and we are dead. Any hint that the merger is on track and we will fly. Super high risk speculative stock here...but I'm in and will buy more when I'm a little more convinced we are done falling. GLTY