"According to what the charts were saying we shouldn't have corrected this low"
A chart always follows the market. The market does not follow a chart.
The issue here is one of crystal ball gazing. Patterns break down all the time. Chartists are proved wrong a lot of the time. We look for high probability patterns, but the market will do what it wants to do - yes ,and moreso in a penny stock where price is easily influenced.
But stay interested. Though you'll find that theres one basic problem with posting charts - they are static representations of market structure at a point in time, whereas market dynamics may completely negate this scenario one bar later. Most TA's will have a risk control measure in place - that is, they'll assume the market setup is pointing to a high probability trade and control their exit/losses should the market prove them wrong.
But if we go back to the basics, on a weekly chart we are still in an uptrend. Im hoping the pain is short lived!! GLTA
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Mkt cap ! $140.4M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 200000 | 0.155 |
4 | 212779 | 0.150 |
5 | 333791 | 0.145 |
3 | 70000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 396307 | 4 |
0.180 | 616016 | 7 |
0.185 | 275410 | 3 |
0.190 | 282291 | 3 |
0.195 | 117000 | 2 |
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