The "5-wave impulse sequence", (People buying on impulse) from the low of 0.0001, up to the high of 0.0008,
was followed by an A,B,C corrective move-down, (People scared and selling, and profit taking) to the intra-day low of 0.0002, and closing low of 0.0003,
a 62% retracement, of the 1st Minor Wave, (0.0001 to 0.0008), in what will be, a series of "5-Waves".
My #1 reason, for knowing when to be "Buying" any stock, is if "the price" is trading under the blue 8-day M.A., when the blue 8-day M.A., is under the red 34-day M.A., and this is the case right now, with SUGO.
0.0005's and 0.0006's coming soon, and a "technical swing" target, "printed" high of 0.0014, is within reach !!
Date VolShorted...............ShortVol...RegularVol
Oct 22...11.42%.............10,742,496...94,048,385 Oct 19...20.67%..............2,000,000......9,676,666 Oct 18..........0%.........................0.....10,300,000
If you've never owned shares of an "early stage company", you can't fully understand the stages, this kind of stock needs to go through, to reach the 0.02 cents level.
The Venture Capitalists who have accumulated a very large quantity of shares, will not be selling their shares until the stock reaches 0.02 cents.
Retail shareholders, on the otherhand, will be selling their shares on their first chance they get, to make a profit.