It is my opinion, that today was a tough day here for LONGs as we trended downward resetting the chart and fib move again. However- the strong bounce off of the MA50 was very impressive as it showed that there is still strong buying pressure under .04 PPS.
We will look to test .045 PPS again trmrw. .0349 close - .045 PPS Test. If we can break .045 PPS the resistance appears at .05pps.
IMO- One huge buying volume day and a significant green candle - we are testing .06+. It's a blue sky break at .095pps. Two days of heavy but volume could accomplish such a task. Once she hit her Tweens and teens - she will thin out and run on market awareness and investor confidence.