Just took a look at it and in the first hour of trading we ,'just', hit only 1 mm shares traded. That is low, low, volume. The RSI is much closer to 50 than 43 and with super low volume...naa.
The MACD is channeling right along tightly with the pps. This thing is coiled up like a cobra ready to strike, but, nothing to strike at, so it is just laying there......waiting. Very little buying or selling at this range from anyone.
Tells me that if large blocks will be sold again that it will have to be done at a higher pps than what we have here. Which means the MM 's will have to ease on the pressure to allow more action.
I said it last week and I still say, that by next week, with no news, we will be in the 6's. This is also in line with what OTC said about the technical lining up with the volume. The RSI lowering to around the 43 with increased volume will be the target point for increased pps IMO. I do not claim to be the tech guy here at all, definitely that should be OTC'S opinions which are validly paid attention to. Just trying to add some clarity here . I hope it helps. GLTA