For your (and ,everyone else here on the board) information. Do not say "victory" unless you bought at 3.50 and already got out.
Using the weekly closing chart (which by the way, is the most important chart to computers and algorithms), Friday's close at 4.11 could be normal trading in a stock that has broken support. Often (more usually than not), the breakdown levels are tested before follow through is seen. The breakdown level on the weekly closing chart was 4.09 and as such, the close at 4.11 might just be that (a retest of the breakdown level before continuing downward). I am not saying it is or it is not, I am just saying what more often than not occurs.
This means that the close this coming Friday is very important. The bulls need to generate "another" green close, so that a "failure signal against the bears" is given, which will give the bulls new chart ammunition. If a red close on Friday occurs, the opposite will happen and the bears will get new ammunition with which to take the stock to further downside below 3.50.
Having said that, this is a penny stock and generally speaking, computers are not trading such a stock.
Either way, I have no beef in this game, so I do wish everyone that believes in this stock the best. Good Luck
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