Looking at some ACH trends here and this is definitely bearish. ACH is not finding the support it needs in $.09 or $.08 or $.07; and seems destined to land back on its $.06 low before the rocket launched on August 6. It is seriously oversold on just about every metric, and is due for a bounce. Without much REAL news behind it and shaky retail buyer support, expect this to drop to $.06 before real decisions on its near term future will go. I'm staying neutral on this because a massive bounce is imminent, but when and where is unclear. If you believe in the project behind ACH of Alchemy Pay, now is a good time to get in since this appears to be long term.
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