I believe a PR will be released sometime this week. The stock will continue to consolidate until Thursday without any news or PR. Last major downtrend, SPLI consolidated nearly 60% in 5 days. Wednesday will mark the 5th day of the downtrend and we have consolidated nearly 50% this time around. Thursday, the technicals will be reset, and I think the stock will begin its second push regardless of any news.
I've never liked guessing when PR's will come. IMHO it sets a person up for disappointment if they're anticipating, expecting or hoping for a PR and it doesn't come on said date. I usually say, the PR will be here when it gets here lol. Thing is penny land, waiting/patience is not the best virtue of many traders. Hence why we saw blocks walking us down today. Probably impatient peeps who loaded sub-penny, or even some who are in higher and are afraid to lose profits or are currently red from initial buy-ins. It's all speculative, just trade best for you bud. GL!
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