9Spokes Weekly Chart
Last weeks Bearish Pin Bar was a sure sign that the "PUMP" had come to an end.
This was confirmed with the SP showing a Lower High while the RSI was showing a Higher High.
Question is How far will the "DUMP" go???
Will the RSI drop back down to support line or will this week's candle end up above the 20 Week MA???
9Spokes Daily Chart
How far will the "DUMP" go???
SP now breaking back down below 200 Day MA.
Will it continue down to meet 20 Day MA and bounce off the RSI support???
Will the Buyers at 2.4c be enough support to hold the SP.
When I saw last weeks weekly Bearish Pin Bar, I was tempted to sell and buy in again when around 2c.
However, I think we are just at the beginning of a fresh new upswing move with 9SP. So am happy to hold on for a longer term.
With a low Share Issue of just under 500 million shares, the SP will quickly move with any good news, as this recent pump has shown.
When that news comes, of course, is anyone's guess.
I feel we could well be at the last chance for some bargain basement specials at this SP.
GLTAH and your strategies.
