ONTC Heads up to all penny players.
I just took another look at ONTC and noticed something I posted about, on another stock last week. Can't remember what one. That one poped on monthly cycles in the first week of each month.
Thought it could be a trading group, playing there own game, on a low floater stock. ONTC shows the same cycle, at a different place. 3 week low volume accumulation, back at the support level and a pop in the 4th week.
Low float stocks tend to pop large, due to restricted liquidity. OTC pros tend to seek these out, for personal games, unrelated to the OTC game. All they need is the normal 1 mil ave daily volume for a single zero stock, to want to work the retail herd following. Since they are Pros. They would take the time to check the float.
This one has an OS of 184 mil and float of only 30 mil. With 4.3 mil ave traded volume. Perfect to create pops any time they like.
Since the double bottom failed and resistance held. A penny player could have this one on their radar for repeat trades on a monthly bases. It doesn't look like any chart pattern is working here.
But 3 times a pattern forms. I see at pattern, wish I remembered the other one. It should have a heads up for repeat playing also.
Do what the big guys do !
