Chart looking like crap...until it doesn't...lol! I hereby declare the daily chart to be null and void and only the weekly chart is to be viewed for guidance. If weekly breaks down, we shall focus on the monthly!
This is a very good strategy. But I would never write off a chart completely.If the daily breaks I would look to the weekly for support but I would still sell on the daily weakness if the weekly support is low enough to justify the flip.
Even the weekly is showing some lack of strength, Also with the PPS riding the upper BB for so long you have to expect a reversal. The weekly shows the strong support at .035. If it breaks that the next support is .028. IMO if the ask gets down to .035 I would sell and wait for the weekly support of .028.
JMHO
Another possibility is that they entered into the JV by Sept. 30 but it has not been PR'd by SRSR for reasons unknown to us.
Dont think so. It is a material event and would have to be PRd or 8k'd
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