Good Point. 52 week low resets this weekend (Previ
Post# of 75001
Posted On: 01/29/2016 11:24:27 AM
Re: Makingmoney #17020
Good Point. 52 week low resets this weekend (Previous was .0085 on 1/30/15). So at that point with the "new" low established, it will be pretty easy to see how low it will go IF it drops lower ( new support level ). The recent O/S update proves it was diluted heavily the previous quarter to bring it down to this level.....hard to tell if they are done, but volume has collapsed.
For example . If this closes @ .023 and sets that mark. Then if at any time it crosses lower.....the next support level would be @ .0085.
I've been told charting does not apply to penny stocks.....but everything here has shown me it does - which is why I haven't touched it yet.
For example . If this closes @ .023 and sets that mark. Then if at any time it crosses lower.....the next support level would be @ .0085.
I've been told charting does not apply to penny stocks.....but everything here has shown me it does - which is why I haven't touched it yet.
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