WPNV Daily Chart ~ The Move from .01 Continues

WPNV Daily Chart ~ The Move from .01 Continues

Good Afternoon Xtremers! Thanks to XP and his call on WPNV at .013, the beast continues its climb. Having broken thru the .055/.06 level that I mentioned weeks ago, today's intraday selloff ended at .056 prior to a sharp move to as high as .09 before closing at .0876. Another strong buying day saw the longs absorbing the flipping crews and other who thought the stock would selloff hugely today. I suppose the drop this morning has a few celebrating the drop, but the longs here stepped in when the drop leveled out and quickly took the stock to new highs. Buying the dips over the last couple of weeks is exactly what is leaving the short term flippers behind and allowing the shorts to get deeper into the hole. The indicators are nearing overbought conditions but fundamentals will always trump the technicals. My next chart will be the weekly for those seeking the big picture and why I thought those attempting to flip for peanuts are more than likely going to look even smaller in the rearview mirror. GLTA