Have had a good look at the charts for this one. Don't know many...

Have had a good look at the charts for this one. Don't know many of you guys very well but i'll leave you with my take on the TA.

Today with a trading range of 0.039-0.075 marks a trading range of over 92%. Absolutely insane volatility like this creates an environment that traders (and myself) live for.

On the upside:
A break above $0.044-45 may allow the SP to test up to to $0.049.
$0.05 marks a strong breakout out of the current ST downtrend. Any push above $0.05 may light another rocket under the SP towards the 6cent mark.

On the downside:
There seems to be a LT support at $0.037. I suspect this level could be tested, fitting within the current downtrend range. If this support holds, I see potential for another push towards $0.044-45, however a push below this looks like it could test $0.029. (This may present a good buying opportunity)


Overall:
I do believe this afternoon was largely due to trader's and T+2's closing their positions as suggested by other posters. Unfortunately I suspect many more games to be played tomorrow and the crazy volumes to continue. I have high hopes for this stock in the LT, but the volatility won't stop here.

I would encourage LTer's to stay firm as I believe you have picked a winner here.

Hope this helps,
~YT

ALL IMO. Not financial advice. Do you're own research and interpret charts as you please.