Hotfire,
As a previous resistance that is certainly in play.
The buying changed once the stock hit 5.7, which is the point from which I suspect a number M&D's jumped aboard. However the bulk of the shares traded to 6cents were bought in lots of $60K-$100K.
The blow off to 6.5 was definately M&D's and therefore a perfect opportunity to take profits between 6.2-6.3.
However I am still anticipating the release of news which will vindicate the large orders filled between 5.7-6.0. It was simply not normal.
IMO
DYOR
understand the pattern, page-36
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