500,000 shares at 1pm....pee wee? i know thats not many shares but give it some credit this close to the average, so it tells me theres a bit more than just pee wee going on here today.
share price is dropping, we have decent consistent volume, we have shattered any positive fib retrace levels from the recent pop, and from that im being told that this run up is weak and should continue downward as we are now at the 78% retrace, just not good mojo.
stochs are still very oversold and trying to break to the upside but just cant at the moment...
worst case scenario today looks like a spinning top candle print, unless it just gets downright ugly at the end here....which could stil allow a reversal, in my techs mind eye.
a real indicator here is gonna be vol and the direction with it...if we start taking on heavier vol to the downside, it may go sub penny, but if somehow we bounce again on higher vol coupled with some sort of progress then we could be heading to higher/greener pastures.
this is just my looks at the techs, if you believe in that kind of stuff....otherwise who the hell knows what is gonna ever happen
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