OT-PBLS Roars...
Stockcharts has a wonderful chart school that provides clear explanations of support and resistance points, as well as the term consolidation.
Go to stockcharts.com. Pull up a 6 month PBLS chart. Look at May 24th to May 30th. We consolidated around the .020 to .023 mark before our next leg up to .034/.035. That means new PBLS buyers bought in around .02 to .023 and some most likely held from there to .034 all the way down to .01. Most certainly, Monday and Tuesday's selling was some of them getting off this roller coaster for a calmer ride. So they sell, new short term penny players move in, and then we move up the ladder again hopefully.
Ren
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
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