Though this is maybe a little tough to do on a penny stock with irradic trading volume....I see what appears to be a few positive technical signals setting up.
I see what Day Trading Rockstar Radio host would call a downward sloped wedge which tends to break to the upside. And within that I see a bull flag. In addition, the daily stochastics are tapping and bouncing off of the oversold level while not making new lows which is a coiling/tightening of the stochastics which may indicate a near term upside bounce.
We are also seeing decent support at 22 cents.
On a side note, for anyone interested...I'm a buyer at 21 cents....hoping the candle wick hits me down there and then closes up, like what happened yesterday. :)
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