The daily isnt oversold yet. Im not saying its going to settle at .01 and stay there forever. It might just bounce right of it. Hell it hit .0105. That might be enough of a test, but i doubt it.
The 50 day MA is at .009 on the daily and the stock is trending downward. The "numerical" support is .01 after that itll be the 50 day MA at .009 providing support. This is why i figure .01 will be hit and if that breaks then .009 will be hit.
The chart to me doesnt look oversold. Has there been a lot of selling, yes, but it was overbought before, now its about level and might enter a consolidation period around .01.
I think a pop could be near, but that .01 needs to be tested.
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