PTBI--yes, JJ... my thinking here is that one almost has to throw all the charts out the window when HFTs have obviously COMPLETELY TAKEN OVER the stock as they did Tues and Wed (the gargantuan vol. alone says this was WAY OUT on the far end of the Bell curve of normal/abnormal stock trading).
Since the algos that drive HFT are designed to fake out other algos, i think they are purposely going to "violate" a lot of TA just to freak out the other algos. And yet, Monday's action clearly suggested that the 200dma at 7.92 came into play as resistance, and today's drop definitely fulfills a "fill the gap" scenario....
In the end, wtfdik!!!
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