The 200 Day Moving Average (DMA) is .070. We are holding this level and this tends to be strong support. Even if we close below, typically a three day rule to stay AT or ABOVE the 200 DMA is Bullish. Looks oversold here as well with a Relative Strength down to 34.17, also Bullish. The absence of news, soon to come (IMO), got us here on low uncommitted volume. A good time to add and average down some more, IMO.
We all know they are laying the ground work to take the business to a new higher level. With Gerry and Kevin's backing, guidance, and credibility that really validates this company IMO bodes for a rosy future. Rome just was not built in a day, what why we are LONGS. Enjoy the weekend.
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