3c should be the support as it broke it after quite a long time. It may go down also will be a good buying opportunity. I have been in too many spec stocks to know that charts do not mean much. I have seen rise of FBR, SAS, ABU, LRS, 88E (and some falls as well) and have seen how panic strikes when good stocks come down like today. I had taken same advice like you are giving now and lost 100K opportunity losses in most of the stocks above in exchange of some 5-10K profits.
On Technical sides, what I know is that a price hike on very high volume and retrace on a very low volume is a strong buy signal. It means there are a lot of holders happy to hold and don't want to give away their stocks for free. If today's volume was in line with yesterday's with retrace, that would have been a strong sell signal instead.
On FA side, yesterday's ann. has de-risked the stock for me. I am happy to hold long term rather than earning 5-10K profit again and regret in coming months.
All IMO and DYOR. Fee free to disagree.
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Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $52.39M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.2¢ | $1.155K | 35.81K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 384560 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 79999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 384560 | 0.031 |
3 | 310000 | 0.030 |
2 | 350000 | 0.029 |
2 | 300000 | 0.028 |
3 | 792592 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 79999 | 1 |
0.034 | 108791 | 1 |
0.035 | 345000 | 3 |
0.036 | 602857 | 5 |
0.037 | 20000 | 1 |
Last trade - 14.19pm 05/11/2024 (20 minute delay) ? |
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