So now we see what a failed promotion and a bunch of flippers dumping because of long term news can do to the price per share. But the MM's had their say also of course.
I was watching the open and the MM's were fighting tooth and nail to keep the price down with a huge volume of short shares. If you noticed they covered about 7 million shares all at once at the very close because of the huge support at the .004 and .0041 level allowed them to do so.
I think there was a reason for this, but this is strictly an opinion based on chart history.
We are currently in the same Fibonacci arc since the beginning of BMSN's run up to .0165 which started at .0032. Since nearing it's 100% retracement line and rebounding, we had an up day, a doji day, and a down day.
If you notice on February 5th, just before the run up to .0165 started, it started with an up day, then a down day, and then a doji day.
Though the down day and the doji day are backward, I think this is why the MM's were walking down the price. I have no basis to think any of this except for what I have stated, and the fact that I know the MM's paint the charts the way they do for a reason.
Again, just my opinion, I believe that they are going to initiate the plan that I thought they were going to do at the beginning of last week, and start walking this up again after filling at these low levels. Moreover, this has still yet to hit the 20ma since breaking the bottom Bollinger band, which it almost always will do, just the same as when it breaks the top band.
My words last week, were "see you at the 20ma by the end of the week," obviously that did not happen yet. But it certainly will.
But I was upset about what was happening on Friday, so I haven't posted since then or even looked at the chart, cause I just took the weekend and relaxed. After being disgusted with the dumpers and the MM's manipulations, I think you all can relate.
So, soon we will see what their plan is with the chart, cause we all know it's the MM's plan that will be implemented the most.
Good luck in all, fellow BMSN followers.
