Your peak and dropped figures though are a typical Fib retracement (chart displayed virtually a textbook TA move) that happens with any stock that rises suddenly on good news.
If we close even or close to even be it green/red today, the chart would suggest a tweezer bottom and possible trend change. Just like the tweezer top that started this drop since mid/late Feb.
Today I've taken a gamble on that scenario playing out. My buy order at 0.21 has been hit... now time will tell if my gamble will pay off of not.
Being so close to 0.19 (which is the last gap prior to a sub 0.10 gap) we shouldn't rule it out just yet, but in doing so would change a possible tweezer bottom playing out for the time being???
Crunch time ?, page-203
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Last
0.2¢ |
Change
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Mkt cap ! $8.216M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $8 | 3.965K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 63 | 125568442 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 21203859 | 29 |
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