Good morning! What I like today, as strange as it may sound, is the some 5 mil in SELLS....and yet we are holding .01: big strong sign so far.
Those shares were looking to sell and sell they did - going forward they will not prevent say an .02 or even .05 break if we get there.
Almost every penny break I have been in retests .01. Sometimes it takes days or all week. The one exception this year I saw was BR*V: it broke a penny and didnt dip ... went to .03 with a 700 mil float! I like how we just went below a penny and it was bought up quick....
Every single trade over .01 just makes .01 more of a support.....as we cycle through profit taking.
We are stronger right now then at close yesterday, cause we have been tested, and so far - our strength test is going well.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.