I've been watching this one for a while and am highly interested based off the technicals.
We have been pretty stable in price action around the previous all time low, which also resulted in a large move to the upside.
To me this looks like an accumulation play on a double bottom major support.
I am accumulating for a very long term trade, with also buys eyed at the 2.30 lows for more accumulation.
Pennystocks I like to do 1-3% of working capital in OTC markets.
We have been pretty stable in price action around the previous all time low, which also resulted in a large move to the upside.
To me this looks like an accumulation play on a double bottom major support.
I am accumulating for a very long term trade, with also buys eyed at the 2.30 lows for more accumulation.
Pennystocks I like to do 1-3% of working capital in OTC markets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.