In the pre-Trumpian era, when this stock shot up, it was a hyperbolic curve, contrary to a more linear moving average.
With that being said, it is the Trumpian era, and we are in a bear market, so fear seems to rule the day. However however, pennies sometimes are seen as a 'safe haven' for those who play the S&P, taking their losses and trying to find one that could get them back their losses quickly.
I trust your chart calls though, it's going to be a coin toss today.
I'm looking at mainstream media, not a mention yet of the farm bill to be signed today. More selling fear to tank indices.
My guess is not today. so there might be no news to sell on.
by the same token, I think it will be before the end of the year. and a lull might be good for us longs to tank up if this stock drops back to trips, because I get the feeling that passage of the bill close to 2019 and the optimism that investors which are in cash to clear for their taxes might rush in, back to back with the optimism I'm presently seeing...
I just get the feeling this stock will explode.
It's just a matter of when. I think later than sooner. but only a week or two later.
honestly, I hope I'm wrong. Hope today is another kickass day.