Stock should close above 0.70 if the bottom holds. Remember the head fake when the stock went to 0.43 and rebounded. Look at the volume already past 900k...it will reach yesterday's volume by midday. I see this a capitulation from the failed move to $1.00. Resistance at 0.74
Do not understand the question....Stock just touched the fork line....I know a head fake when I see one....let's see if it closes above 0.69 by 11 am....I got money on the sideline...mr....I am telling others to relax....I am not looking to sell....I am look for a buy entry...read my posts. when hourly MACD crosses you pull the trigger. I am not speaking to you, you "shortie"...I am speaking to those that are long.....If we form a doji on this hourly candlestick....watch out.
I have been watching your posts. You use a great deal of sophisticated technical analysis on a penny stock. I hope you're correct. That said, the most simple and basic technical insight shows an uptrend in stock price in the $.68-$.70 range and overhead resistance at about $.85-$1.00. Just this morning the stock broke below the uptrend line intimating the stock will be moving down, not up. Right now, if Hythiam does not move up dramatically watch out below. Using technical charting and analysis to try and understand consumer sentiment on a penny stock can be invalidated when one single buyer or seller or a small minority of buyers or sellers have the financial power to dramatically impact the chart of a small cap stock.