pure ta

For some interesting food for thought, although I am positive and am a holder....

In terms of TA:
- A bearish Symmetrical triangle has formed.
- A symmetrical triangle is a continuation pattern, in which the pattern was in a downtrend when started.
- The movement of the initial trend is 0.16-.025 = .135
- This indicates a bearish change to -.108, however considering the low price, this would occur over an exponential distance and i would have a target of around .002
- However, this would basically mean the company is broke and folding in this kind of situation.

Anyone else have some thoughts on the TA?

Cheers,
Miike