A fair number of OTC reefer scam issues made multi month lows in June. Some rallied off those lows. Perhaps others will rally.
The thinking is simple trading fundamentals. Weaker positions throwing in the towel to traders willing to assume the risk on the idea further downside is limited.
How long will the rallies last. I don't have a crystal ball.
What I do know is more shares will be sold into the marketplace by insiders.
You still putting technicals in too high a priority. Buy the softness, hold thru the wiggles of a penny or two.. On news day you will give 20% more just to get caught back up.. A long time ago I quit trading for lunch money, and gas money.
You flip if that is your thing... I buy in several tickets over a few days and hold for big moves.. Then let technicals help assess the exit. Most sold out watchers here right now have fear of missing the big move and sellers remorse.
And, since last Tuesday the OWCP trading patterns has shown the Death Cross talk is just silly when we are dealing with OWCP that is way oversold and is going to share some significantly positive news with the shareholders in the near future.