Sunergy, Inc. (fka SNEY)

[techtrade]

Would make more sense for it to be a cover, but honestly the world of shorting pinksheet stocks is not something I know much about. The price action today might be confirmation of it being a short cover. Either that or the dumbest short trade initiation I've ever witnessed.

Regardless, SNEY bounced off that support yesterday. It may get retested but I'm not banking on that. Any close above .058 today is a good sign, in the .006s would be great. Weekly stochastics to me indicate this bottoming process might last another week or two before it breaks higher. In case anyone missed it, I'm massively bullish on SNEY, but understand it might take a little more time for this formation to resolve itself.