I dont usually trade penny stocks- but when a stock crashes 80% in one day that is over reaction. The volume is insane on this stock=20M for an average of 640k. WHile the profit for the short sellers was 80%, we going long are now offered a chance to make 40, 200 or even 1700%. see graph.
Stock is way out of the Bollinger bands showing that the stock is oversold. I have included the target price, 200 day moving average and the resistance line on the chart. worth the look.
Stock is way out of the Bollinger bands showing that the stock is oversold. I have included the target price, 200 day moving average and the resistance line on the chart. worth the look.
Comment:
When this gapped down in the morning- RSI was 4! yes 4! thats crazy. its up to 27. IF you dont know about RSI-above 70 is overbought and below 30 is oversold.