I think were all confused at this point. we actually closed under the lower Bollinger band today which is something that we have never seen on this stock.
with the strange happenings in the OTC and level 2 showing the bid matching the ask, we got walked down to low 3's for no apparent reason.
this caused a lot of stop losses to get hit and a lot of people saw their accounts tank which caused an even greater sell off.
We traded almost 4 times our average volume today. due to this.
we broke through support at .0410 and the next support of .0340 was tested and held.
support is still .0340 and then .03.
RSI(5) shows this is ridiculously oversold and we should level off or get a bounce.
Accumulation distribution line is still good, and CMF is still over 0.
I personally was a little nervous about 2TRG not closing, but now that that's done I have no worries. Very excited about the coming months!
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