Quote:
Originally Posted by bonehead
gspg
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Well penny stocks aren't really the most predictable entities in the world, but this appears to have retraced its pop upwards. It does appear to be basing on the daily chart but poped below the .014 support that I would've like to see it hold on the weekly chart. If it gets below .009 level consider bailing because at that point there is no support left.
Quote:
Originally Posted by Zach
ssri
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This chart is FIRMLY bearish. It is a identical pattern to the broad indicies at the moment, and thats not exactly a vote of confidence. That being said its last move downward hasn't retraced yet and it does appear to be basing down around the 10.00/share level. It could easily pop to 26.00 or so before more selling comes into the market. If you're holding long consider exiting on a pop upwards.
Cheers!