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10thMountain

08/10/23 3:57 AM

#5909 RE: 10thMountain #5908

Actually, after zooming in again, there’s actually three small gaps. There’s one on the weekly as well

powerbattles

08/10/23 8:54 AM

#5918 RE: 10thMountain #5908

The fluctuations in this stock's value are primarily driven by its underlying fundamentals. Whenever there is a decline, it is often a result of the issuance of 25 million tranches of notes. The intraday stock charts feature numerous technical indicators and studies, but OTC stocks don't necessarily adhere to chart patterns when trading.
Day trading stock charts are typically more relevant on larger exchanges. In the OTC market, movements are often driven by news, special events, stock promotion, group momentum, and other factors. These factors can supersede traditional chart patterns. Many chart traders in the OTC market struggle financially because these patterns can be misleading. The sudden gaps in price are used to manipulate inexperienced traders, encouraging them to sell their positions.

Predicting exact stock movements can be challenging, and there is no surefire way to guarantee how a stock will perform in the future. The end of toxic dilution in this stock will likely prevent it from reverting to the level you've anticipated. Irrespective of your viewpoint, the stock's ongoing upward trend is expected to persist due to the absence of note issue dilution, and the speculative gap you've mentioned is not expected to be closed.