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For some interesting food for thought, although I am positive...

  1. 440 Posts.
    For some interesting food for thought, although I am positive and am a holder....

    In terms of TA:
    - A bearish Symmetrical triangle has formed.
    - A symmetrical triangle is a continuation pattern, in which the pattern was in a downtrend when started.
    - The movement of the initial trend is 0.16-.025 = .135
    - This indicates a bearish change to -.108, however considering the low price, this would occur over an exponential distance and i would have a target of around .002
    - However, this would basically mean the company is broke and folding in this kind of situation.

    Anyone else have some thoughts on the TA?

    Cheers,
    Miike

 
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