Today my buy order was hit at .048(first purchase since my sell just off the highs)..Todays action would be considered as panic selling...buyers at the highs selling at the lows...Below I have depicted the small measured move which culminated today...second chart shows what we are dealing with and why I purchased my first parcel at current levels.
Tomorrow I believe we will see the dust settle and close at a higher level on lower volume...there after I would expect a base build up before we head back towards the .06 level..there after I am expecting the .10 level to be achieved in a short period of time..imo
To conclude almost always when a stock hits major resistance (.06-.065) the retrace is healthy..there after the bullish trend continues and the sellers once again become the buyers.
for ones private perusal ...enjoy
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