Monday is a important day here for stock price, at 50 day moving average.........
We are less than a penny over the 50 day moving average, and there will be tremndous selling pressure to drop it below .27. There are going to be a ton of stop losses just below .27, so its a sure bet that they try to take it down and trigger those stops. We really need to hold .27, with a drop below .27 on high volume odds favor we go down and test the 200 day moving average at .12 before starting a leg upwards,JMO.
Seems like every Monday is important. This will not drop under .19. I'm not looking at charts, but when it started its free fall after all that SA #$%$, that was the bounce point. But I admit, I have no science to back this up, and I want it to go to .35 on Monday.
That would be great, but you cant give one reason as to why, nor can you give one reason why the volume will be strong enough to break it thru the resistance at .31. Let me be clear, I hope you are right and I am wrong, but the charts dont show what you say,JMO.