Yeah it is. Sad that .023 is a 52 week high. And think...it got there with nothing to support it....now what is going to happen?
Looks like that RSI is screaming sell.
Nothing says BS quite like an overbought RSI when the volume needed to be over bought is .5% of the OS.
Would guess that without a PR the PPS will be back under .02 again tomorrow. It really needs some volume above .02 over a few days to get that RSI down.
Even one of Scotts fluff PRs would do the trick.
I would also add it would be much more encouraging if the ask didn't drop the second someone bought. A single trade at .023 for less than $1000 making the ask drop to .02 doesn't make anyone secure in their purchase