It is a little funny that a after a pullback from a .30 high has some people wondering what is going on. Im sure some weaks could even be thinking about selling here. LOL. but, thats how stocks move higher, the weak sell to the strong.
If you wanna know what i think, i would like to see a close today at .26 or higher. It shows that it has bottomed and ready to continue its uptrend. Compare this to the pullback after it hit .27 and then dropped to .18. I think we will see the same thing.
Another thing is the golden cross that is fast approaching - the 50SMA and 200 SMA cross. Bolli bands are tighting signying a run is looming. the tighter they get the higher we go next time. RSI has retraced now and given us tons of breathing room for a run past the .30 top for next week.
So imo a close today at .26 would create a bullish signal and i bet we will see .30 by next friday.
Just my opinion.
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