Forgetting about yesterdays anomalous spike, the chart is right about where it should be. Looks to me like some �investors� are buyers in the high 30's.
The chart is indicating a double bottom where the fall back from .43 to below .30's was on lower volume. Tested the previous low and quickly bounced back. Climbed back up above the 50 day avg. was on better than avg. volume.
If the stock can show support at the 50 day avg. and then climb above previous ST high of .43 on increasing volume, then we should have (barring unexpected bad news) a confirmed bottom and new uptrend.
Hobbs, I tend to throw all that stuff out the window when it comes to a penny stock like TPPH. There is no logical explanation for what happened yesterday other than a few are going to do what they may with this thing and we can only buckle up and ride or get off. Good luck to us.
Indeed, like EMRG after huge volume and almost a +100% intraday jump, no PR (event to state that they don't know the reason of the stock activity), no news. PURE MANIPULATION.
Since it takes some time to catch up such moves and decide to jump in, people specializing in shorting such situations have a far more easy job in winning some $. That's the lesson I learned from those scams.
even so, the chart is not unimportant. it reflects sentiment quite well. if the stock can be held at or under 38 today, which will be easy if the buyer just stays on the sidelines, the technical damage inflicted yesterday will confirm a top from which it can be run down again.