Interesting. Looks a little rough.
Recent trend line at .0036 was compromised and appears confirmed broken. There's a recent trend line resistance that has formed at .0038. The compromise of the 20MA and 200MA are negative for the stock, however support from the beginning of the last rise and break at .003 and crossings of the 20/200 and 50/100 should help. Otherwise it looks that next support is at .0027. While RSI, MACD, and slow stochastics have been in decline, MFI has been flatlining with accumulative/distribution line as well. Ultimate has crossed the halfway point, but the William's R is reaching oversold.
While techniquely the stock is showing difficulties right now, the fundamentals have not changed and recent announcements continue to indicate positive changes in the company. Contracts with the Super Tucano in the next 60 days should be beneficial to the PPS. Merger info should boost the stock.
Hopefully we find a bottom here soon. Eventually the shorts will have to cover. Most of this play is about being patient while things take shape and being 'in' as these positive announcements occur. The change back to OTCQB and up to date on reports are good for investor attraction and pave the way for the merger to be completed. Reports had to be up to date for the merger.
Kudos everyone!!
