Thanks for the reply Jake, good post imo.
From a technical perspective, the uptrend that started latter part of June this year where the 13 day sma broke above the 200 day sma has been broken. It lasted over a month and consistently closed at or above the 13 day sma until last week. Normally, I look for two consecutive closes below the 13 day sma for confirmation of the short term uptrend reversing. Right now, the 65 day sma is at 4.18 with the 200 day sma at 3.82. Full STO also have broken to the downside on both the Daily and Weekly chart. I am not going short but not going long either. This stock could burn you quickly going short unless you shorted on the panic buying into the 6+ range.
Also, agree we could expect onward & upward once the capital raise and dilution questions get answered.
To me it looks like Janey issued the $10 price target only to run it up quickly bringing in the retail investors and now its back to reality. We've all seen this stock lose 1/2 its value or more after a short term run up, seldom does it hold any significant gains.
Is this time different, perhaps...
Best wishes
News 
Market Data 
Discover 
AI
