COuldn't close out yesterday above Vwap and bulls looking exhausted.
Wait for open and see where volume goes. Buyers may try to get in but I expect a sell off to prevail
Relative Volume yesterday was 256!
This is a great test of res here at 8.50 region. If it cracks here 12.95 is next target.
Look to get on board w a long IF volume comes along. If not then stay out for the morning and look for dips.
Has dIpped in premarket so far 0.40
Not much volume left in this, will see what the morning brings.
Its lost a lot of ground the last few days, but still well over extended from usual lows. Does it have the volume left in it to reclaim any higher? Prob not, watch the shorts and profit takers move in I'd say.
Staying out of this one. Watch and see if it breaks 4.36 the next support isn't until 3.50
Possible $1 breakout play here
Watch for volume to flood in (if it comes at all) and price action to move esp at the key res points , because of low float it could jump quickly. Look to buy in on dips as sup is established along the way. Get in and out, dont hang around too long.
Res 1.0 1.20 1.75 2.35
Sup 0.7150
Entry 1.02
SL 0.7150
Targets 1.20 1.75...
