That was quite a (dump) drop......... and it closed near the low ( that usually signifies a down day following)....... over the next couple of days I'm looking for a lower bollinger pierce which would hit as low as .26 with a close back above the bollinger... that would be the ideal situation for a low risk entry..... even if it was crashing it should bounce at odds of 98% ... I'll be watching real close... and would take a position if the .26 cent mark is hit... and level II is supportive with no more big dumps from the side.. I would however be alert for heavy resistance at .32 if there was a bounce and would consider taking a position higher than .26 if the thing smooths out by Monday open putting in a tail just above the lower bollinger.
I really find the technicals support a bounce potential.
GLTA Lostoutwest
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