PRED...$2.38...Chart...This is the exact pattern that formed when the $3 dip happened which I circled on the Chart...The spot you are bidding at $2.30 has been the 34ma support line so it is a viable spot but I think it will start testing that 50ma sooner or later...so I am bidding lower...
Should today follow course then we will see a green candle and a pop today and I will sell into that move even at a loss...because I only bought high yesterday to hedge against a move on that news...
When News like yesterday hits and there is not a strong surge in the first half hour then there is something wrong after all how many OTC companies up list to the Naz...so my hedge buy on the news was not that heady although in the long run this is probably a $10/$15 stock but that is a guess and I like facts...I do not believe the News was already factored into the price...What I see are warrant holders/sellers/diluters and that arena of traders cashing in and selling into the news...By all standards this should have broken recent $3 high on news like we had so something kept it down...if that is a correct assumption then we see a strong Green Candle today because that group is now out...imo...we shall see...
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