Buyers lined up at $2.86 now and sellers may be exhausted Nearly 500,000 traded and stock holding it's ground with a tight trading range of $2.82 - $2.89. This in trading terms is referred to as a ""wash-out"" low ( Dick Arms Equivolume )
where the last sellers are taken out. The typical bottom consists of a large vloume day/days that washes out sellers followed by an immediate rally then a lighter volume pullback that may retest the prior support. Awareness of the recent decline would be widespread in the market now with new investors having a great opportunity to get on board - I know two that have large buy orders in the market now that hopefully will be filled. As I sign off it's $2.89....today is a buy day but be quick
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