Found bottom in Feb, recovered recently back to a similar level, but didn't retest that low.
Regression channel still leaning bearish but has evened out, is no longer pointing down and is starting to shift upwards.
Hammered back down off of historical support, turning it to resistance.
Next support is $0.12ish (0.127 to be exact)
What is interesting, is the trend meter has lit up all green on the 4 hour, and the stochastics are pointing to a bullish move.
Could be headed to $0.20 by the fall so could be a 100% bagger but if it keeps turning support into resistance, it will test the lows from feb.
I do not recommend trading penny stocks. Ever. Too much manipulation, they do not function like regular stocks. So just don't. But if you do, good luck.
Regression channel still leaning bearish but has evened out, is no longer pointing down and is starting to shift upwards.
Hammered back down off of historical support, turning it to resistance.
Next support is $0.12ish (0.127 to be exact)
What is interesting, is the trend meter has lit up all green on the 4 hour, and the stochastics are pointing to a bullish move.
Could be headed to $0.20 by the fall so could be a 100% bagger but if it keeps turning support into resistance, it will test the lows from feb.
I do not recommend trading penny stocks. Ever. Too much manipulation, they do not function like regular stocks. So just don't. But if you do, good luck.
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