Dont comment in threads but here's a chart comparison that might help GMC new bloods , one I pulled out from my trading journal this week .
IIL -92 % panic sell day the Announcement was realeased.
https://ibb.co/cmiSJQ
Yesterday up +80%
https://ibb.co/hkQPyQ
and just a bit of background , the directors had made it clear in the announcement in Day 1 when it plunged -92% that they are looking into the possibility of winding the operations down as the clinical test was a failure.
coming back to GMC
there was a single sell order for $90 k @ 1.3 yesterday which stalled the up tick and wiped the bid at 1.2 immediately the order was seen and consequently a doji was formed. Today in pre market the same seller moved their ask to 1.2 and his single order was chewed up by buyers which bought renewed support.
All the indices is Red today and last day of june . Not a daytrade but got all the spiking potential in the future .Problem is people buy into a stock and almost immediatelly they want it spike .Yes that's posssible if you daytrade however not all stocks can be traded that way so just take care of yourself and sleep well in night .
this baby has just woken from a year's sleep he'll be crying and hungry soon enough and when that happens he'll be jumping and pumping all over
