Don't be fooled by that close at 0.009 today. That was pretty good volume mostly going through at 0.01 today. This churn/change of hands mostly at 0.01 sets a good base for the next move up. MACD Line cross over and histogram cross over show that today was on good, bullish momentum. As a result it's poked it's head out of the mini ascending triangle, only to be pushed down to 0.009 on a smaller trade in aftermarket.
What I also like is that it's been a pretty organic churn and price movement so far. Buyers and Sellers patiently waiting for their fair entry/exit. i.e. It's not being pumped to the hilt like some of the other micros out there in the sector.
Looking at the buy/sell queues, even if we remove all buys at 0.005 and under, we're looking at roughly 3:1 ratio.
Good signs. Looking forward to some of the news catalysts.
GLTAH
TPD Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
