The problem with the support as you say "support is around .0010" is really not a relative indicator.
Charts in the penny arcade is a viable tool only on real time and absolute current data. Historical data cannot be justified and with respect to NWAV the data is not based on anything of substance.
Most of the data within the last month and a half was mostly based on MM manipulation on very or even non-insignificant volume. Meaning they were playing on emotion and not normal trading patterns, which incidentally is a must for charts and why they only matter on daily current runs. Historical data in the penny arcade is always skewed because of diluting the pool and other factors, that are so prevalent in the pennies and other unpredictable circumstances.
Now with your .001 support. Forget it!! You will never get in this issue below .002 at this point. The only way that would work if the company or some other large holder would start a huge dump and carry the down slide to where capitulation sets in and the selloff begins out of our control.
I don't at this point see that happening and we as shareholders are in control and the MM can only work the current momentum going up, and it will go up. If a seller would take them up and sell, it wouldn't be enough and that is because shares aren't there. In other words shares are really tight and the momentum is UP.
As far as profit takers, that will happen on the next run and I expect it to start happening next week. That is when the MM can play at their best. But for now it is our game.
Also, we are at MC of $1,625,000. Hardly, as you say "You people paying a 150% premium right now". Company is now trading at fair value.
I expect us to close at .003 or close to it today.
Have a good day
varok
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