Charts can’t be relied on now. But…I think really savvy pro-traders are trading this on fast small profits. I think, just intuition, one more down day tomorrow and one sharp up day on Friday. But, that might be the trend for the short term.
It’s almost impossible to pick a bottom because we have no fundamental information with regard to sales, revenue etc. There were fewer sellers today on lower selling volume. Penny’s are a gamble always.
This should only be traded now until a bottom can be determined, if it can be determined. If .14 can hold this week, that would be helpful, if not…well, it’s a bummer for sure.