Only down side is it probably will close the gap, but it's above all the EMAs. Worst case it finds support at the 200EMA.
I see resistance at .37, but all the EMAs are trending up, which is good. I think this has a chance at a breakout.
Their news is good, and their product is unique enough to support long term growth.
Depending on what it does July 9th (Gap down or holds the .27 mark) I might buy in. If it doesn't drop below the 100 or 200 EMA I am in for sure. Might be a day of consolidation where the buyers/selling come to an agreeance on price before the next push.
I see resistance at .37, but all the EMAs are trending up, which is good. I think this has a chance at a breakout.
Their news is good, and their product is unique enough to support long term growth.
Depending on what it does July 9th (Gap down or holds the .27 mark) I might buy in. If it doesn't drop below the 100 or 200 EMA I am in for sure. Might be a day of consolidation where the buyers/selling come to an agreeance on price before the next push.