I have seen many NYE scenarios including a penny once that covered NYE afternoon taking the stock from .01 and closed it at .09. You just never know but one thing is certain, this stock is beaten to a pulp and there will be a nominal correction at some point.
Again. Looking at this chart since August, in no way does this resemble free-market trading. It only resembles a takedown. No stock drops from .155 to .05 in a matter of minutes, then closes back at .10 if it's not being jerked around. And if that's all you understand about this chart, it has no choice but to throw suspicion on the rest of the move. If you see one ant, you can always be sure there are more close by. Just as in takedowns. If you see even one confirmed move, you can believe there will be more of it. And 8/4 was a 100% confirmed move.
The counterpoint opposition here believes that this stock dropped purely because the company is bad and a destined to fail. This chart in no way depicts that sentiment. That sentiment would be represented by a chart where the stock just dropped like a rock, where all shareholders just jumped ship, and the stock just hit the bottom hard and never got up after about a weeks worth of trading. This is no where near that. It shows clearly how technical indicators were strategically used to keep new buying away and so that retail panic would set in over time. It shows how after the stock found solid support at .06, shortly after came the beginning of the neatly designed 5-7 consecutive down days, 1 or 2 up days, which then persisted all the way down to here. Of course the CE gave over the keys to the kingdom on 9/8, but, the rest is clear to see for anyone willing to see it for what it is.
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