I see no IMMEDIATE upside potential. The stock is in a well defined down trend and has just made a market correction. That's all it is. There is noting but distribution on the chart since a very well defined divergent sell signal back in the middle of February. There are no chart patterns or other technical indices screaming buy right now so, I have to label this one dog for the time being. In fact the weekly chart confirms the sell signal see on the daily chart and anytime that happens it's sort of a kiss of death for a stock because the two charts rarely agree. Currently the weekly chart is giving oversold readings but in a bear market the oscillators can remain oversold for months at a time. The current daily chart is reading overbought and has the makings of a sell signal in place, all we would likely need for confirmation is a lower close on Tuesday. There is a gap on the chart around $0.0035 or so, that will likely get filled now and there is a long line of support on the weekly chart around $0.002 so that is where I think the price is headed and why. If you like this one long term, I would wait till it got to $0.002 and only if it shows firm support and the chart gives you a very good reason to buy, would I loading back up at that time. Just my 2-cents!
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