I've been riding this stock since I bought @ 1.75 in June. Decided to double my investment 2 days ago..... it just figures...like many others, I'm still very bullish on the stock and will stick it out.
myself included [see my post of this morning], how right you are draftcard. Chart reading works sometimes but other times it fails, and sometimes it doesn't fail but the reader anticipates a few days too soon. I bought shares in SBAS 2 weeks ago at 8 based on a chart reading like SCLN's this morning and it took 2 more days down to the high 6s before it flew upward, now to 11 3/8.
although with no trades to validate. so I think the move up will be tomorrow, rather than later. The last 15 min of today's trading indicate to me a change of sentiment to bullish. If it pops with the same vigor as last two times, will not be surprized to see low 8 intraday.
last chance to cover your shorts tomorrow, if anyone's listening...
Agree with mechbiol. We are sitting on the 13 day moving average, recent history and bullish chart indicates our next move up is nigh. Mid-sevens to eight if we follow recent pattern. Uncharted territory now so it is anybody's guess.