I just looked at daily. TRTC is making an attempt to reverse here. imho. What you stated is correct. However, TRTC did close above 8 EMA. Yes, failed to break above 50 SMA. and MBB. Bears watching imho No pun intended. Also hugging upper bollie in 60min. I will be watching .35 as that is pivot. lol
TRTC...CFO Michael James knows that the REVERSE SPLIT will happen soon for TRTC and will cause a drop of at 65% after it is enacted. That is why he SOLD 1.1 million shares this week. If anybody should know it is the chief financial officer of the company. Well the Treasurer also sold last month. SO???? They are sending a signal that TRTC shares are going to go downward. 18 insider sales this year so far!!!
Any smart investor who is reasonably good at math can figure that out.
Also easy to see that the REVERSE SPLIT will happen sooner rather then later. They will reach their NEW share cap of 950 million very shortly if they follow their plan of selling $75 million worth of shares, and $13 million for the Nevada buildout.
Just the selling of the above shares alone should sink TRTC 40%. That is extra selling volume on a daily basis. Couple that with the reverse split where the preferred shares will not be split and you have a disaster.