Technicals play zero part in what's been going on here. This is classic OTC impatience. People cashing out some profits to go chase other runners. Also short attention spans and get rich quick attitude. This is all phycological not technical.
Good lord why not just say needs 99% retrace to reset the chart. So stupid. .0095 is the bottom and everyone knows it. It tested resent resistance for support. That’s how these work. New highs coming in the next few days.
I understand technical analysis very well, probably more so than most. I’m just a more intelligent investor than to be completely sucked into TA when it’s mostly irrelevant with this stock. TA can be beneficial, but what’s more profound is number psychology and potential.
This is driven by material events and mega success in the merger.