Shield your eyes Q man, I'm doing that "technical analysis" thing again.
A beautiful pivot point reversal is unfolding at key support. Personally, I would like to see it trade above 9c on Monday (highly likely) to confirm the move.
I would almost call this a textbook reversal:
-Tightening daily ranges
-Tree shake at selling climax on considerable volume (stop losses)
-Pivot point reversal with confluence on considerable volume.
Something I've learned from this is the importance of having a soft stop-loss with this type of stock. If I had a hard stop, I would have been stopped out with everyone else on Thursday.
We're not out of the woods yet, next week will be pivotal both technically and fundamentally.
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