Well, we'll see whether that blow out on Friday was only due to the blow out in the markets on Friday.
If the indexes recover, so will the stock.
If not, then imo, the 7 candle rule comes into play and this stock can now hit .15 before turning around.
.18 is strong resistance, so I am hoping the markets rebound this week.
The close of Fridays candle was the first day to substantiate hedgy's buy call of .15 to .13, so don't let him have you thinking he is some stock wizard.
No one predicted Fridays selloff in the markets, and it is those days where the 30% wrong will come into play.
But hey, .18 is still holding and as I said, a rebound in the markets will help us here too.
All I can say is that if this stock did want to hit .15, I'm adding large just above that for the nice bounce.
Happy Trading all.
MS
