.0585 and .0551 supports likely to fail this week

.0585 and .0551 supports likely to fail this week without licensing or other significant news making good until cancelled limit orders in low to mid to .04 range likely to be filled within the next 5-10 trading days. If formerly restricted shares continue being sold heavily into the market after next week IMO, it is possible that the volume of shares being sold may be a strategy to shake out weaker hands. Don't go for it, longs keep your shares and continue buying on dips. PPS dips under .04 may be possible for a very short time as well (if this occurs), stay loaded up for secondary buying.

Added pressure of new companies coming into the market in this sector will also cause competition for shareholders capital. Look to see small to medium size gains in competing companies for confirmation.