Being “up” has nothing to do with enthusiasm over this “news”. Genuine enthusiasm will be distinguished by a sharp increase in volume, not some chump-change BS close.
100% Especially since this enthusiasm seemed to start after the bell. The 8% gain was prior to management keeping their word about the photos.
I’m anxious to see what next weeks close will be. Let’s hope we see that elusive increase in volume.
A BS close as you call it may trigger buy signals for traders using specific technical strategies.
PPS is always manipulated up and down by traders attempting to trigger these signals.
Some traders will tell you charts don't matter in penny's but that is incorrect.
You can make much profit trading the same penny stocks over and over again using charts with a fundamental understanding of the underlying story to assist with timing.