Yes, but our good samaritan's bid support comes with a catch- he's flipping the shares over onto the ask.
This isn't a bad thing because there's no significant selling pressure. And he's not dumping on us- he's being nice. So basically, as we ride out this shallow MACD retracement on the daily chart, which will hopefully be short enough to leave the longer weekly trend intact, he's holding the price in here at .0079. But he is going to make a small amount for his services when someone has to buy those shares again at .008 for price eventually to go up again.
In the meantime, we are still vulnerable to a selloff if there's one sharp enough to pierce his bid support. But that hasn't happened yet. It looks like it's holding in here through the daily retracement, then it'll move up again.
Just my .02, I'm just a guy reading technicals here.
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