Actually it never pays to rely on one indicator. This stock has support at .20..
Also the options exicisable at .10 expire in September. With the share price low the price of the options are lower...means that accumulating options at a lower price makes sense because as the share price increase so does the price of the options.... One of the directors increased his stake in options today.
If you follow candlestick charting todays candles was a long legged doji...probably one of the most powerful indicators of a reversal.....means supply and demand are equal and particularly significant considering the negative sentiment in the market...I wasn't sure yesterday so I closed out half my position but bought it back lower today...but make your own decision...Most people only look at the price but there are many other things to consider
FMS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
