I always said I was waiting on 1 weekly indicator to confirm.Check my posts.
I have never stated bottoms, what I did state was 1.5 cents was a support line then 1.8 cents the next and then 2.5,then 4.0cents, We stalled at 2.0 cents,seeing as how we broke those we then look for major support lines coming down 1.8,1.5 then 1.3 and now 1.1 cents.
IF IT BREAKS 1.1 CENTS then .09cents may be touched on briefly.
If it breaks .09 cents then something very bad has happenned.
I would be very suprised to see it break 1.1cents BUT HEY, IN THIS CURRENT CLIMATE ANYTHING IS POSSIBLE.
1.1 cents occurred on July/aug 2007(Cap raising), Jan 2008(fda non approval) July/August/September (Cap raising)
3 triple BOTTOMS roughly 14 months apart. When I was taught charting that was a significant event.
All I am doing is giving indications of where the stock will stop and pause on the way down or up fot those who wish to read.
Have a good day captain
How about you giving us some theories or predictions instead of picking on everyones after the event has happened.
SBN Price at posting:
0.7¢ Sentiment: ST Buy Disclosure: Held