Raggs,
I look on the charts as an indication not so much of the company per se but how the public percieves the company. Even then, given the performance of Q over the last several months, I'm not even certain they apply at all at the moment. In addition to the RSI, it would appear that there has been a great deal of accumulation which doesn't jibe in my mind with the price.
I mainly look at the days of massive selling with the bid/ask remaining unchanged. Several of those days we might have closed down but the mm's would put through a token buy just at closing to leave it unchanged for the day.
In short, I think that if we were going to go down to 0.0001, we would have done it by now. Either for some reason the mm's are keeping it supported at these levels or there is some other mechanism at work. I honestly don't know.
As I said in my prior post, somewhat tongue in cheek, these predictions of 0.0001 have been around for quite a while. The reasons for the predictions ranged from just gloom and doom, to thought out opinions such as yours. IMO they should have come true, but haven't. Go figure.
Personally, I see this apparent support as a mildly encouraging sign.
Have a Happy New Year,
Cabo Sailor
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