I'm sure someday this stock will go back to 5.00 . Some of us look at it from the stand point "we need to make money today and everyday". The stock just bounced off the 5 day ma. 1.40 is the 10 day MA. but the 10 day MA is still headed down. Since we're still under the 10 day, we're not going to turn it upwards today without fantastic news. If you look at a 5 day analog chart you will see there is a very distinct pattern. That's a good indication there's institutional involvement.
Notice; at EOD, every other day the stock runs up. next day it runs down.
Yesterday we had a beautiful bid wall when there was a 3mil dump. that dump wasn't made by someone like you and me.
If it sticks to the pattern at EOD it'll run up to the resistance at 1.40.
But NOTICE; everyday it dumps at opening.
Unless TMA does something more fantastic than the last PR, It's not done going down.
If a person sits and watches it, they make nothing. If a person sells at 1.40 then buys back at 1.00, they make an additional 40 %.
This of course is all my opinion, but you can bet it's how I'm going to play it !!!
By the way I sold at 1.34 in front of the 5-day
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