Look at the daily for a double bottom. If you look at the 1 minute chart, there is support at .1333. Unfortunately, that means absolutely nothing.
What just happened was the company put out a PR stating that the Q was coming 2 week earlier than expected. If you look at my previous post, I suggested that this stock will drop below .10 this week and then it will start to climb on anticipation of the Q - as many penny stocks do. By moving the Q date earlier, the company got a bounce early.
So now, the stock has a dilema... it should be sitting at about .085 and climbing with the announcement, but it is about .13 currently. Should it go up or down? I think it will move down, but by less - maybe find a bottom around .112. Then it will be a waiting game til the Q.
Good luck everyone.
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