Well, Well, 1.52, is "still" resistance. The volume and price action is still extremely bearish. Once a stock breaks key support (1.50 to 1.52) it becomes resistance. Also, notice how light the volume is on up days and how heavy it is on down days? The pump and dump continues. The smart money sells big when the dumb money buy small.
Once a stop is taken out it become strong resistance. The pump today could not get it over the 1.50 level. Smart money coninues to sell while dumb money buys. A pump can only push you so far!
Thanks, most on this board know absolutely nothing about the stock market. Especially this overvalued, overbought and over hyped stock. The smart money made out like bandits. 1.52 just now hit like I forecast. No brag, just fact.
I agree, but as mentioned here, many of the original holders will just keep adding to there position, each time this sells off big aggressive buying statrs coming in and pushes this back up. The beauty of this is these pullbacks end up just a bit higher each time and the deeper they drop the more snapback they have.
It's the LT interest that has most of us so bring the swings and we'll keep building.